HDFC vice-president was killed by robber for paying bank EMI, he just needed Rs 35,000

HDFC executive killed in Mumbai

The bank executive was reported missing last week 

The Hush Post:  A 20-year-old driver Sarfaraz Shaikh has confessed to the killing of HDFC bank vice-president Siddharth Sanghvi.  He confessed to killing Sanghvi for money to pay his EMI. Sanghvi had gone missing last week.  Sarfaraz has now been arrested.

Sanghvi was allegedly murdered by Shaikh in a robbery attempt gone wrong in the parking lot of the Kamala Mills compound at Lower Parel in Mumbai on September 5. The police believe Shaikh knew the topography of the parking lot because he had worked in the Kamala Mills compound as a contract labourer on different projects over the past three years.HDFC executive killed in Mumbai

“Jo hua woh hua sir, meine hi kiya hai (Whatever has happened has in fact happened and I have done it),” Shaikh told the metropolitan magistrate. He has been remanded to police custody till September 19.

“Gaadi ki EMI aur paise ka pressure tha aur menin dekhta tha unko upar-neeche jaate (I was under pressure to pay my bike’s EMI and also was in need of money and I used to see him going in and coming out of the building)”— Sarfaraz Shaikh

Deputy Commissioner of Police Abhinash Kumar told mediapersons that Sarfaraz had bought a motorcycle and needed about Rs 35,000 to pay off a loan. On Wednesday night, he cornered the 37-year-old bank executive after work in the parking lot of his office and demanded money. When the banking executive raised an alarm, Sarfaraz stabbed him.

Panicking, he took the body to neighbouring Thane and after dumping it, he took the banker’s car to a place in Navi Mumbai and abandoned it before running away, the police said.

Sanghvi lived on Malabar Hill with his family. He used to leave office around 7-7.15 pm and reach home approximately an hour later by 8.30 pm. On September 5, Singhvi left office around 8 pm and encountered Shaikh in the parking lot. The murder is believed to have taken place between 8 and 8.30 pm.

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