The city and rural police continued their drive against illegal moneylenders on Wednesday.
Shanmugha Sundaram, 47, of Elamakkara, was arrested with Rs.26,000 in his possession. Police seized 57 blank cheques, 44 promissory notes, three stamp papers and other documents from his residence.
“If someone wanted to borrow Rs.1 lakh, he would give them Rs.88,000 and ask them to repay the amount in 100 days,” the police said in a communication.
He allegedly operated near Palarivattom, Elamakkara, and Kaloor areas.
Deepesh, 30, of Elamakkara, was arrested for operating illegal chitty funds.
The city police said those who had complaints of being cheated by illegal moneylenders could contact the City Police Commissioner on 9497996990 .
They could also reach the Deputy Commissioners of Police on 9497996986 or 9497990061. The Assistant Commissioner of Police, who is the nodal officer for cases of illegal moneylending, can be contacted on 9497990064.
The Aluva police arrested two persons from Isaf Micro Finance and Investment near Garrage junction on charge of carrying out illegal moneylending.
Aneesh, 26, of Idukki, who was the cashier and accountant, and Nigil, 24, of Kodungalloor, who was the assistant branch manager, was arrested from the establishment. An amount of Rs.2.95 lakh and several documents were seized from the office.
