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Inter-state money lending racket busted

Press Trust of India  |  Kochi 

An illegal inter-state money lending has been busted by police here today with the arrest of three persons from

Police said they also seized documents revealing the gang's illegal money lending business involving crores of rupees.

The kingpin of the operated from Chennai, police said adding more arrests were likely in the case.

The three persons were nabbed on a complaint filed by a local resident, police said.

The man approached the police after he was allegedly harassed by the gang even after he paid the entire amount and interest for the money borrowed from them.

The gang allegedly seized his vehicle when he refused to give in to their demand for payment of more money.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 21:35 IST