News Karnataka
Saturday, May 04 2024
Mangaluru

Police to book moneylenders found charging exorbitant interest rates: DCP

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Mangaluru: Deputy Commissioner of Police (Law and Order) Hanumatharaya said that stern action would be taken against those private moneylenders who charge exorbitant interests and harass their debtors.

He was speaking at the one-hour phone-in programme held at Police Commissioner’s office here on Friday, July 13.

He was replying to a personal grievance from a lady who complained that a moneylender from the city is charging exorbitant interests from her by harassing. In her complaint lady said, most of the monthly income goes to repaying the interest amount for the loan.

DCP also informed that there is a provision under the law to take action against those private moneylenders who charge exorbitant interests to debtors. He also asked the lady to file a complaint and give particulars of the private moneylender.

A caller from Kottara Chowki also complained that lack of ‘No parking’ boards and vehicles parked indiscriminately were creating inconvenience to the pedestrians at Kottara Chowki. To this, the DCP instructed the concerned officials to install the ‘No Parking’ signboards in Kottara Chowki at the earliest.

DCP(Crime and Traffic) Uma Prashanth, ACP Manjunath Shetty and others were present.

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