A different ‘system’ of money runs in this village of Haryana
Cash loan up to Rs 400 crore every month at 5% interest… that too without any bank, just on ‘word of mouth’. This is not a film story, but the ground reality of Dighal village in Jhajjar district of Haryana. When this game of ‘invisible’ money and billions of rupees showed its bloody colors, a web came to light in which big financiers, corporates and gangsters, all are entangled.
first understand the whole matter
According to a report in Dainik Bhaskar, this whole matter came to light when Rohtak Cyber Cell sub-inspector Sandeep Kumar Lather committed suicide on October 14. Before he died, he alleged in a video that a Haryana IG (Y Puran Kumar) had demanded a bribe of Rs 50 crore to remove the name of a music company owner Rao Inderjit Yadav from a murder case. The shocking thing is that that IG had also committed suicide some time ago. This entire incident was pointing towards a web whose strings were connected to the cash finance business worth crores of rupees in Deeghal village.
What is this ‘cash’ game of Rs 400 crore?
The people there call Deeghal the ‘village of financiers’. According to the people of the village and the officials involved in the investigation of the case, about 1200 people aged between 20 to 50 years are involved in this business. Most of them are young. These people create a big ‘pool’ by depositing Rs 10 to 20 lakh among themselves. From this pool, loans worth billions of rupees are given to big corporates and real estate businessmen and all this is done in ‘cash’.
The most surprising aspect of this business is its interest. This entire system runs at 5% monthly interest rate. That is, if someone takes a loan of Rs 1 crore, he will have to pay Rs 5 lakh every month only as interest. Thousands of boys from Deeghal and many surrounding districts (Rohtak, Sonipat, Bhiwani) are engaged in recovering this money. Their debtors are not limited to Haryana only, but are spread across UP, Rajasthan, Gurgaon, Mumbai and Delhi.
Two suicides, one murder exposed the ‘system’
The layers of this entire ‘system’ were revealed when on 6 December 2024, Manjeet 6.3, a financier from Deeghal, was murdered. Manjeet’s height was 6 feet 3 inches, hence ‘6.3’ was added to his name. Manjeet’s uncle Hansraj Ahlawat (who is also a former sarpanch) tells that a few months before the murder, about 1500 youth of the village including Manjeet had gone to protest at the office of a tire selling corporate group in Gurgaon.
These youth had pooled and given a cash loan of more than Rs 200 crore to the company. When the company stopped the EMI, the dispute started. It is alleged that in this dispute, Rao Inderjit talked about deciding the interest himself, after which gangsters Himanshu Bhau and Faridpuriya sitting abroad entered this case and Manjeet was murdered.
Police arrested 20 people in this case, but the company was not named in the charge sheet. However, Rao Inderjit’s name was recorded as a conspirator. In his suicide video, Sub-Inspector Sandeep Lather had accused the IG of demanding a bribe of Rs 50 crore to remove Rao Inderjit’s name from the charge sheet.
Here business runs on ‘tongue’ and ‘punch’
After all, how does this transaction worth crores go on without any bank or legal process? According to a report in Dainik Bhaskar, this entire deal is based on word of mouth and power.
Before giving the loan, these financiers add 5% interest and take a monthly check from the borrower. Bank account and turnover of 6 months are also seen. If the matter seems even slightly suspicious, the original documents of ownership of land, house or company are mortgaged. But the most important thing in this deal is a ‘punch’ (middleman). This is a politically or socially influential person, who takes guarantees from both the parties.
Where does the village get so much money from?
The question arises that where did these youth get so much cash from? The answer lies in the law regarding land acquisition after 2005. According to a former IG, when he was posted in Rohtak in 2005, this business was still running, but on a smaller scale (truck, car financing). But when the UPA government made changes in the land acquisition law and the compensation amount increased manifold, these villages were flooded with money.
In Dighal alone, the lands of many youth were purchased by the corporate or government, in return for which they received compensation of up to Rs 10 crore. Instead of keeping this money in the bank or doing any small business, these youth invested it in this profitable game of 5% monthly interest.
But after Manjeet’s murder the atmosphere has changed. There is fear in the village. Financiers started getting calls for ransom of Rs 5 to 10 crore. The situation is such that the financiers who used to run a system worth crores of rupees, today themselves need police protection. Around 10 financiers, including Manjeet’s uncle Hansraj, have been given police protection and soldiers are deployed 24 hours outside their homes. There is so much tension in the village that even the Khap head is avoiding saying anything on this issue.