Bengaluru: CCB raids, arrests nine moneylenders, seizes Rs 69.16 lakh

Bengaluru: The CCB police raided and arrested nine moneylenders, including two women, who were lending money at exorbitant interest rates, and seized Rs 69.16 lakh cash from them.

The accused have been identified as Manjunath alias Miracle Manja, Bhaskar, Velu alias Toilet Velu, M.G. Subramani, Sathish, Jayamma, Krishnamma, Venkatesh and Lingaraju.

Deputy Chief Minister and Home Minister Dr G. Parameshwar had directed senior police officials to raid moneylenders after his recent visit to the City Market, where vendors complained that they were being exploited by illegal money lenders who lent money at exorbitant interest rates.

Special teams were formed and raids were carried out at 10 places simultaneously starting at Kamakshipalaya, Mico Layout, Jayanagar, City Market, Hanu—manthanagar, Byatara—yanapura, and three places in Chandra Layout.

Apart from cash, the police seized incriminating documents, such as 258 cheques, 52 on-demand drafts, five four-wheelers, two motorcycles, 11 land documents, 25 e-stamps, 13 bond papers, 14 loan contract bonds, 10 GPA letters and seven vehicle documents, from the houses of the accused.

The police registered cases on 10 individuals under sections of Prohibition of Charging Exorbitant Interest Act and other IPC sections.