Andhra Pradesh

Police turn the heat on moneylenders

Simmering resentment:Activists of various political parties taking out a rally seeking action against the call money racketeers, in Vijayawadaon Wednesday.- Photo: Ch.Vijaya Bhaskar

Simmering resentment:Activists of various political parties taking out a rally seeking action against the call money racketeers, in Vijayawadaon Wednesday.- Photo: Ch.Vijaya Bhaskar  

The govt. must bring in an Act, making registration of promissory notes mandatory - Muppalla Subba Rao,Andhra Pradesh Bar Council member.

The crackdown on call money lenders continued across Andhra Pradesh on Wednesday as the government came under intense pressure from the opposition parties to punish the guilty irrespective of their clout.

The government has apparently taken it as a prestige issue with several politicians, including some belonging to the TDP, facing probe by the Special Investigation Team.

Vijayawada City Police have arrested 80 persons in the last couple of days and seized hundreds of documents and promissory notes from those doing the illegal business. Police are on the lookout for unlicensed money-lenders across Krishna district.

In Srikakulam district, police have arrested five money-lenders including two in Srikakulam town and one each at Itchapuram, Tekkali and Palasa. Superintendent of Police A.S. Khan directed all police stations to verify details of money-lenders and take stern action if they are fleecing public.

Nineteen persons were arrested in Rajahmundry urban police limits during raids conducted under the supervision of urban SP S. Harikrishna. Cash amounting to Rs.23.20 lakh was seized from them. Two persons having criminal record and rowdy-sheets in police stations are among the arrested. A total of 447 empty promissory notes, 80 signed empty cheques, 64 signed white papers and one general power of attorney agreement and 26 other documents were seized from the moneylenders.

Meanwhile, Health Minister Kamineni Srinivas said it was unfortunate that the private money-lenders exploited the poor and middle classes in such a manner. He alleged that most of such illegal business men and women were in YSR Congress and Congress parties and demanded stringent action against those found guilty. He however remained tight-lipped on the alleged involvement of some persons owing allegiance to the TDP.

Activists of Jana Sena staged a demonstration at Kaleswara Rao Market demanding action against those involved in the racket. AP Bar Council member Muppalla Subba Rao suggested registering promissory notes as an effective solution to the problems. In a statement released in Rajahmundry, he said the government must bring an act making registration of promissory notes mandatory and opined that raids on lenders was nothing but a knee–jerk reaction.

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Printable version | Jul 9, 2020 8:48:17 AM | https://www.thehindu.com/news/national/andhra-pradesh/police-turn-the-heat-on-moneylenders/article7998093.ece

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