6 illegal financiers held in Vemulawada

6 illegal financiers held in Vemulawada
Highlights

The Task Force police on Tuesday took six financiers, who were allegedly running illegal money lending business and chit funds, into custody. The police seized 18 blank cheques, eight Xerox copies of cheques, 16 bond papers, 34 promissory notes and Rs 20,000 in cash from them.

Vemulawada (Rajanna-Sircilla): The Task Force police on Tuesday took six financiers, who were allegedly running illegal money lending business and chit funds, into custody. The police seized 18 blank cheques, eight Xerox copies of cheques, 16 bond papers, 34 promissory notes and Rs 20,000 in cash from them.

The police also seized books containing details of the loans they gave, and repayments collected. The financiers were identified as Rachakonda Prasad, Pydi Srinivas, Tupkari Anjaiah, Rapelli Mahadev, Duvva Srinivas of Vemulawada and Naini Venu of Sircilla. Task Force Inspector Bansilal said that raids will be continued against those running illegal money transactions.

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