2 contract killers held for killing cloth merchant

EAST DELHI Cops said the killers were hired for `2L by pvt financiers

NEW DELHI: Two alleged contract killers were arrested on Thursday, five days after a cloth merchant was stabbed to death in east Delhi’s Shakarpur.

Announcing the arrest on Friday, the police said the arrested killers were hired for R2 lakh by private financiers from whom the cloth merchant had taken loans of R5 crore but was not returning the money.

The alleged killers were identified as Nabab Ali alias Danish, 24, a resident of east Delhi’s Trilokpuri, and Nakul alias Kishan, who lives with his family in Geeta Colony. Police have recovered the knife that was used to murder the cloth merchant, Subhash Yadav. A scooty that was used in the crime was also recovered, said police.

Rishipal Singh, deputy commissioner of police, said the police control room received a call from a private hospital in Laxmi Nagar on September 18, about a patient with multiple stab wounds.

A police team reached the hospital and learnt that the patient had succumbed to stab injuries. A murder case was registered at the Shakarpur police station. Preliminary investigations revealed that the cloth merchant was stabbed by two unidentified men who had intercepted him on a scooty in Shakarpur area.

Due to huge losses in his business, Yadav was unable to pay the interest money or return the `5 crore loan to private moneylenders . When the moneylenders began pressuring him for returning their money, Yadav allegedly started ignoring their phone calls

THE CLOTH MERCHANT HAD TAKEN LOANS OF `5 CRORE FROM THE FINANCIERS BUT WASN’T RETURNING THE MONEY

and avoided meeting them.

“Instead of returning the loans, Yadav was trying to shift to Bangalore. He had temporarily moved to an unknown address in Bangalore with his family and also changed his contact numbers,” said an investigating officer.

Investigators developed the leads collected during investigation. Technical surveillance on the suspects and leads from the local intelligence sources, the police established identities of the two suspects who were approached by a few of the moneylenders and paid `2 lakh for killing Yadav.

“We traced the whereabouts of the two contract killers and arrested them on Thursday. During interrogation they confessed to their crime,” the officer said. The duo is also involved in other cases of murder and robbery.

The police have identified the moneylenders who had approached the two contract killers for murdering Yadav. “We are verifying their role. They will be arrested soon,” the officer said.