Following reports of harassment by private micro financiers and forcible collection of interest up to 30% to 40% from the poor people, especially women vendors and old persons, the South Zone Police has launched a special drive to curb their illegal activities and registered 12 cases against them under provisions of Telangana State Money Lending Act and extortion case.
Speaking to the media here on Thursday, South Zone Deputy Commissioner of Police V. Satyanarayana, IPS, said simultaneous raids were also being organized on three notorious rowdy sheeters viz Chota Mohammed Pahelwan, Salam Pahelwan and Jaffar Pahelwan, for doing unlawful finance business.
In the special drive, 12 cases were registered by the police so far under Telangana Money Lending Act. Cases were registered against T. Rachappa, son of Sharanappa, Mohd Amjad Hussain, son of Mohd. Azam Hussain and Syed Moimin Pasha, N. Yadaiah, s/o N. Pochaiah, R. Balasubramanian s/o R. Radha Krishna by the Madannapet police; A. Srinivas s/o A. Janardhan by Mirchowk police Mokala Govind s/o M. Bala Krishna by Moghulpura police; A.Ravi Kumar s/o Late A. Rajaiah By Dabeerpura police; Srinivas r/o Kummarwadi, Chandrayangutta by Chandrayangutta police; A. Ashok Kumar Yadav, s/o A.Bhola Prasad and K. Saidi Reddy s/o K. Venkat Reddy by Santoshnagar police; Md. Kareemuddin by Bahadurpura police.
The South Zone DCP Satyanarayana said raids are still continuing against such illegal financers.
