Police continue action against moneylenders

Coimbatore | Tuesday | 21st November, 2017

Summary:

Mr.

Rambha said that the local police have been asked to keep a tab on the moneylenders and ensure that they do not charge exorbitant interest on loans disbursed to people. Of the 17 complaints, police registered cases against six money lenders – three cases in Udhagamandalam, two in Coonoor and one in Gudalur. more-inThe Nilgiris district police are continuing to act against usurers and loan sharks, with a list of moneylenders across the district being prepared so that local police can ensure that impoverished families and small farmers are not charged exorbitant interest rates. Further, the police were collecting evidence and were investigating the other complaints as well, said the district SP. Thus far, the police have identified 60 such moneylenders and have collected details of their names, phone numbers and other contact information and also about the number of people who have taken loans from them..