PRESS NOTE UN-AUTHORIZED MONEY LENDING RACKET BUSTED -04 HELD

PRESS NOTEUN-AUTHORIZED MONEY LENDING RACKET BUSTED  -04 HELD

On 19-03-2019 on credible information the sleuths of Commissioner’s Task Force, North Zone Team, Hyd  busted a Un-authorized Money lending racket and conducted raid at H.No.11-3-267/120, Madhura Nagar, Warasiguda, Secunderabad & apprehended Four accused persons 1)Jayakumar, 2)Ayyavunadar Peria swamy, 3)Karupaiaya Rajkumar & 4)Darmaraj Sivabalan Native of Tamilnadu State where in the accused person are organizing money lending business and gain illegal easy profits.   
 DETAILS OF ACCUSED PERSONS:-
1. Jayakumar S/o. P. Veera swamy,Age.33 yrs, Occ. Money lending business  R/o. Madhura Nagar, Secunderabad N/o. Adakkanur (village), vedasandur (Tq), Dindigul (Dist) Tamilnadu State (Sub- organizer),

2. Ayyavunadar Peria swamy S/o. Ayyavu nadir, age. 33 yrs, Occ. Money lending business  R/o. Madhura Nagar, Secunderabad   N/o. Vedasandur( Village), Dundigul  (Dist), Tamilnadu State, (Sub- organizer),

3. Karupaiaya Rajkumar S/o. G.Karupaiaya, age.30 yrs, occ. Money lending business R/o. Madhura Nagar, Secunderabad N/o. Karikali (village), Vedasandur Vattam(Tq), Dindigul (Dist) Tamilnadu State, (Sub- organizer),

4. Darmaraj Sivabalan S/o. Darmaraj, age. 22 yrs, Occ. Daily fiancé agent R/o. Madhura Nagar, Secunderabad N/o. Natham (village), Dindigul (Dist), Tamilnadu State, (Sub- organizer),


 SEIZED MATERIAL:-

1. Rs. 6,83,510/-
2. Finance registers  books-15
3. List customers note book-05 
4. Customers Finance amount collection  pocket pass  books-110
5. New Finance small pocket pass books-215
6. Customers signed blank cheques-05
7. Calculators-02 ( Casio model)
8. Pens – 10 and other incriminate material.

 BRIEF FACTS OF THE CASE:-

  The main organizer P.Elango R/o. Madhura Nagar, Secunderabad N/o.Karur (Dist) Tamilnadu State is running illegal money lending business on the name of 1)Sri Venkateswara Finance, 2) Sai Krishna Finance, 3)Om Ganesh Finance & 4) M/s Sai Akil Finance  and to develop his money lending business he appointed four sub-organizers 1)Jayakumar, 2)Ayyavunadar Peria swamy, 3)Karupaiaya Rajkumar & 4)Darmaraj Sivabalan  who are native of  Tamilnadu State and also appointed 24 employees to collect the interest amount from the barrowers without valid license from the concerned authorities and illegal running money lending business to gain illegal easy money. 

  The money lending organizers used to attract the customers lending money to petty  Kirana shop vendors, Pan shop vendors, Auto drivers, Tea stall vendors, daily wage labour who are in need of  urgent amount, then the financiers are  giving amount on high rate of interest about 8 % to 10%.

  While giving barrow amount  to customers used to collect signed blank cheques, promissory notes and delivery finance pocket Pass books,   and collecting the interest & principle amounts on daily basis from the customers. They are collecting the amount for 100 days to 120 days period  in equal instalments. Sometimes they are extorting high rate of interests from the needy Barrowers/customers forcibly. The petty business vendors are paying their daily income to the illegal financiers. 
  The accused persons are maintaining customer’s registers and rate of interest in their note books.
Presently the accused person have invested Rs. 25 to 30 lakhs on money lending business and having 100 to 120 barrowers/customers.  In this case Main organizer P.Elango is absconding. 
  Previously the main organizer P.Elango N/o.Karur (Dist) Tamilnadu State was arrested in Cr.No.306/2017, U/s. 384 IPC, Sec. 3 & 5 of A.P. Telangana money Lending Act of Chilkalguda PS.

 
 ARREST:-
  To day i.e on 19-03-2019 on credible information laid a trap and apprehended  the accused person while collecting the interest amount from the customers.
  Seized 1)Rs. 6,83,510/-, 2)Finance registers  books-15, 3)List customers note books-05,   4)Customers Finance amount collection  pocket pass  books-110, 5)New Finance small pocket pass books-215, 6)Customers signed blank cheques-05, 7)Calculators-02 ( Casio model), 8)Pens – 10 and other incriminate material from the possession of above accused persons. 

 The apprehended accused along with seized property were handed over to S.H.O Chilkalgdua PS, for further investigation.

  The arrest was made under the supervision of Sri.P.Radhakishan Rao,                    Dy. Commissioner of Police, Commissioner’s Task Force, Hyderabad lead by Sri K.Nageswar Rao, Inspector of Police, Commissioner’s Task Force, North Zone, and SIs Sri. K.Srikanth, B.Parameshwar, K.S.Ravi, G.Rajashekar Reddy and North Zone Task Force  Team, Hyderabad.

Dy.Commissioner of Police,
Commissioner’s Task Force,
Hyderabad..