Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 22, Saturday 2018 2:51 PM       

       HEADLINES: Bishop discharged from hospital                                              Saradakkutty remembers nuns who stood with victim                                              Bishop to be presented in court after another medical check-up                                              Dieep’s former advocate to appear for bishop Franco                                              Priests ordained by Franco married, offered qurbana                                              “If church try to throw us out, we’ll face it”, say nuns                                              Russia warns US it is 'playing with fire' with sanctions                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Batsmen have to be better prepared when they go to England next time: Dravid                                              Kaumudi Facebook
       CITYNEWS Next Article: Man held on charge of duping job seeker  
       Money lending racket busted
 
         Posted on :09:36:10 Mar 11, 2018
   
A A
       Last edited on:09:36:10 Mar 11, 2018
         Tags: money lending, racket, bust
 

KOCHI: The Kochi City police busted a multicrore moneylending racket and arrested three persons in this connection. The arrested were identified as Isakkamuth, Sittarash, and D Raj Kumar, all natives of Tamil Nadu. The police also seized about 15 promissory notes and 20 blank cheques from their possession.

The police said the racket was being funded by one Maharaj, an entrepreneur based in Chennai. The racket, which had been operating in the State for the last few years, purportedly disbursed several crores of rupees as short-term loans at exorbitant interest rates across Kerala.

A follow-up investigation was on to trace their source of income and extent of business. The documents seized from them also suggested that they had extended short-term loans to several business groups in Kochi.

The trio were arrested on a complaint by one Jacob Philip, who borrowed Rs. 40 lakh from the racket in September last year. The loan had been issued against 40 blank cheques, 20 promissory notes, and the registration book of his luxury car.

“Though the borrower had returned the principal amount along with an interest of Rs 2 lakh within the stipulated time period of 21 weeks, the accused kept harassing him and his family,” said K G Aneesh, Palluruthy Circle Inspector.

Philip approached the Palluruthy police station with a complaint. The accused were booked under provisions of the Kerala Money Lenders Act and IPC 420 and produced before a magistrate.

A A
       CITYNEWS
Next Article: Man held on charge of duping job seeker
 
 
CITYNEWS HEADLINES
Plus two student drowns  
Youth falls off train  
Bus workers call off strike  
Security guard found dead  
Man held on charge of couple’s murder  
Family goes missing, police to leave for TN  
Youth held on charge of burglary  
Student killed in accident  
Man arrested in POCSO case  
Work begins on foot overbridge at Pattom  
Additional KSRTC services from Kochuveli  
Tourists will soon flock to state, says minister  
Cong, CPI (M) activists clash at Kulathoor  
Youth held for blackmail  
Nun’s sister to protest  
Two held on attack on youth  
Jalandhar police serves notice to Bishop Franco  
Two get RI for abusing minor  
K T Sainaba dead  
Case filed against 22 CPI (M) workers  
Fire breaks out at public health lab  
Govt not taking proper action against Bishop: Nun's family  
Restrictions on visiting Sabarimala hill shrine lifted  
Local body bypolls on October 11  
Youth killed in bus-car collision  
 
Do you think the police are delaying the arrest of Bishop Franco due to Vatican Pope's interference?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy