Kakad’s debt,Tikku’s will may have egged killers

Officers probing the murder of Karan Kakad,an aspiring producer who was allegedly murdered by conman Vijay Palande and his two aides on March 6,now suspect that the accused killed him after he was unable to repay a loan he took to bet on cricket matches.

Written by Megha Sood | Published:April 20, 2012 2:36 am

Officers probing the murder of Karan Kakad (28),an aspiring producer who was allegedly murdered by conman Vijay Palande and his two aides on March 6,now suspect that the accused killed him after he was unable to repay a loan he took to bet on cricket matches. The police are probing the possibility of the money having been loaned by a prominent bookie or underworld elements.

Police sources said Kakad was in touch with bookies who knew him by the name ‘Prince’. As Kakad did not come from a very wealthy family,and did not own much property,money allegedly placed by him on cricket bets is emerging as a key factor that led to his death,the sources added.

“Kakad’s death is appearing to be linked to a financial dispute or a deal gone bad. It has also been found that he was deeply involved in the cricket-betting circuit,and may have invested a large amount of money,” said a Crime Branch officer. The police are also probing whether Palande had murdered Kakad after being offered money for the job by the latter’s creditors.

“It appears that Kakad lost a huge amount of money borrowed from a third person who could be from the underworld or a bookie. One of the angles being investigated is that Kakad lost the amount,which ran into crores,and was not able to repay the loan,” said another police officer.

“Kakad would boast to Simran Sood that he had a huge amount of cash at his house. Palande knew that he would get Kakad’s BMW,if not the money,if they killed Kakad. However,Palande may have also known that Kakad’s creditors could pay him more to kill him,” the officer added.

Meanwhile,Crime Branch sources probing the murder of Arun Tikku (62) — a consultant from Delhi who was stabbed to death at his son Anuj’s Andheri residence — on Thursday said Palande and his associates had learnt that Arun had property worth around Rs 50 crore,of which Anuj was the heir. Palande’s plan was to hoodwink Anuj and slowly take over the property,said officers.

“During interrogation,Palande said he had once asked Anuj why he had gone to Delhi. Anuj had told him that his father was drawing up a will,and had left all the property in his name,” said a Crime Branch source. “Palande said that he then decided to con Anuj out of all his property over the course of time. According to Palande,he had even decided to drug Anuj to achieve this,” said the source.

The police said arrested accused Simran Sood,a model who told the police she married Palande in 1998,had borrowed Rs 5 lakh from Yogesh Talati for a trip to Bangkok. When Talati asked for his money back,she allegedly refused and threatened to to file a rape case if he approached the police. He then lodged a complaint against Sood at the Oshiwara police station. “I had gone to Oshiwara police and filed an NC as Simran had threatened me,” Talati said on Thursday.

According to the police,the money borrowed from Talati was used to lease Anuj’s flat at the Samarth Angan in Lokhandwala under the name of a German woman,Nivis Ligenza,who was also married to Palande. Anuj had signed a lease for two years,to which his father had objected.

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