Daijiworld Media Network - Puttur (SP)
Puttur, Jul 22: The police personnel, acting under the instructions of district superintendent of police, S D Sharanappa, raided two concerns in the town engaged in private money lending on Tuesday July 21. Three persons were arrested, and booked under Karntaka Money-lenders Act.
One of the arrested happens to be Srikant Shetty from Nire village in Karkala taluk, who resides in a rented house at Kallare here. Krishnamurty from Votachatra in Dindigul district of Tamil Nadu was also arrested. The policemen said that these persons conducted the business of financing businessmen and others at exorbitant rates of interest without obtaining any permissions or licences from any of the departments. Blank cheque leaves, documents pertaining to vehicles, and books of accounts where details of finances are recorded, were recovered by the police personnel. An amount of Rs 1.49 lac in cash was also confiscated during the raid.
The raiding team also found out that the house where illegal lending was going on at Kallare is owned by a police personnel. It is suspected that the owner failed to get all the details of the person before hiring the house to him.
The policemen, during their raid on Pavitra Enterprises located in Puttur Centre building on taluk office road, detected that financial dealings were going on there illegally. Uday Kumar P K from Paddayur village was arrested, and cheque leaves of different banks, vehicle documents, land records etc were seized from his possession. He too was booked under the above act.
During his questioning, Uday confessed to be conducting lending business without registering the same with any of the departments. The shop stands registered in the name of Shashikala, wife of Uday Kumar.
Town police inspector, Mahesh Prasad, sub-inspector, Abdul Khader, and other personnel were involved with the raid.
The superintendent of police has asked people to lodge complaints with the concerned police stations if they face any problems or harassment from private money lenders. He said that details of the house in Kallare will be checked and no one would be spared from the provisions of law even if he belongs to police department.