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Tag: hefty interest on hand loans

Malkajgiri Police arrest seven in illegal loan racket; gang collected hefty interest in advance, blank signed cheques

Posted on November 5, 2026 By admin
Malkajgiri Police arrest seven in illegal loan racket; gang collected hefty interest in advance, blank signed cheques

Commissioner of Malkajgiri Police, B. Sumathi, along with the senior officers from the commissionerate with the seized items from the case. | Photo Credit: By Arrangement Seven persons were arrested for allegedly cheating borrowers through an illegal lending network that promised large loans, collected exorbitant advance interest and used blank signed cheques and promissory notes…

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