CCB police raid moneylenders, nine arrested

Team Udayavani, Oct 11, 2018, 12:16 PM IST

Bengaluru: Bengaluru City Crime Branch police based on credible information raided nine moneylenders in the city and seized Rs 69.16 lakh cash from them.

The nine have been arrested for further questioning.

The arrested have been identified as Manjunath, Bhaskar, Velu, M.G. Subramani, Sathish, Jayamma, Krishnamma, Venkatesh and Lingaraju.

Deputy CM Dr G. Parameshwar had directed the senior police officials to raid moneylenders who have been demanding exorbitant interest rates from market vendors and others.

The CCB police formed special teams to conduct raids at 10 locations simultaneously. 

Raids were held at Kamakshipalaya, Mico Layout, Jayanagar, City Market, Hanu—manthanagar, Byatara—yanapura, and three places in Chandra Layout.

The police also seized documents, 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 accused.