Home CRIME Odisha tightens noose around private money lenders

Odisha tightens noose around private money lenders

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Odisha Sun Times Bureau
Angul, Nov 22:

Against the backdrop of unabated farmer suicides in the state mostly due to alleged failed crops and pressure to repay debts, the police have launched a major offensive against illegal money lending business in Odisha’s Angul district and have arrested seven persons.

ASP Angul

While seven persons have been arrested for illegal money lending business in the district, 18 cases have been registered against 19 persons in different police stations of the district, informed Swarnaprava Pradhan, ASP Angul at a press conference here today.

These persons had allegedly lent money to farmers at very high interest rates and were pressurizing them to repay loans despite drought situation, Pradhan said.

These money lenders were active in Bantala, Colliery, Pallahara, Jarapada and Banspal areas, police officials said.

“Eighteen cases have been registered against 19 accused persons in this connection at different police stations in the district. Out of them seven have been arrested. Investigations are on. The remaining will be arrested very soon. They had no license to do money lending business. These people had lent amounts by keeping gold on mortgage.  They were operating illegally,” said Pradhan.

 

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