Madhya Pradesh: Gang of loan sharks busted, five held

Madhya Pradesh: Gang of loan sharks busted, five held

SP said that accused were charging an interest of 3 to 10 % per month from their victims

FP News ServiceUpdated: Saturday, March 27, 2021, 01:51 AM IST
article-image
Representative pic | FPK

Ratlam: Police on Friday claimed to have bused a gang of soodkhors who use to lend money at very high interest rates.

SP Gaurav Tiwari said that 5 members of the gang have been arrested after we received numerous complaints against the accused.

Arrested accused are Deepak alias Deepu Tank, Avinash alias Chintu Tank, Chotu alias Shrikant Joshi, ArjunTank and Nageshwar alias Chayan Rao. SP said that police have seized a laptop, a pen drive, 2 printers and a register from them.

He said that a police team led by CSP Hemant Chauhan busted the gang after a probe. Tiwari said a complainant has alleged that he borrowed Rs 1 lakh in exchange of three blank cheques, copy of Aadhaar Card,PAN Card and promissory notes. The lenders charged Rs 1.30 lakh from him as interest on the borrowed amount of Rs 1 lakh.

Police received several such complaints against the accused. SP said that accused were charging 3 to 10 % per month from their victims and due to their terror the aggrieved did not dare to approach police, until recently.

RECENT STORIES

Indore Catfight: Group Of Girls Caught Beating Each Other, Pulling Hair Outside Pub Over Vulgar...

Indore Catfight: Group Of Girls Caught Beating Each Other, Pulling Hair Outside Pub Over Vulgar...

Video: Indore Girl Publicly Thrashes Boyfriend With 'Chappal' After Catching Him With Another Girl;...

Video: Indore Girl Publicly Thrashes Boyfriend With 'Chappal' After Catching Him With Another Girl;...

Madhya Pradesh SIT To Grill 'Pakistani Spy' & Youtuber Jyoti Malhotra Over Her Indore-Ujjain Visit

Madhya Pradesh SIT To Grill 'Pakistani Spy' & Youtuber Jyoti Malhotra Over Her Indore-Ujjain Visit

'God Neither Forgets Nor Forgives So Easily,' Says MPHC Justice Duppala Venkata In Farewell

'God Neither Forgets Nor Forgives So Easily,' Says MPHC Justice Duppala Venkata In Farewell

Mild Earthquake Of Magnitude 2.8 Strikes Betul In Madhya Pradesh; No Damage Or Casualties Reported

Mild Earthquake Of Magnitude 2.8 Strikes Betul In Madhya Pradesh; No Damage Or Casualties Reported