Even in a time of coronavirus, loan sharks continue to exploit the financial woes of the common man. Recently, CCB sleuths raided the home and office of an 80-year-old private financier.
According to Joint Commissioner Sandeep Patil, Babulal Jain, his son Chetan and his brother-in-law lend money at extortionate interest rates (‘Meter Baddi’) in the city’s VV Puram.
CCB Economic Offences Wing raid & detain accused involved in illegal money lending & charging exhorbitant interests..large no of cheques & property documents of victims seized.. IF ANYONE HARASSED BY SUCH MONEY LENDERS, PLZ GIVE INFO to @BlrCityPolice..— Sandeep Patil IPS (@ips_patil) July 23, 2020
During the raid, bank cheques and property documents were found.
A complaint has been lodged at the Cottonpet police station.