Karnataka - Bangalore   

Minister warns moneylenders

Bangalore: Home Minister M.P. Prakash on Thursday said those who were fleecing people by charging exorbitant interest on loans would face criminal action. An inquiry would be ordered into the source of their funds.

Replying to H. Vishwanath during zero hour, the Minister said Superintendents of Police in all districts would be instructed to investigate how moneylenders collect cheques for amounts ranging from Rs. 10 lakh to Rs. 20 lakh under the Negotiable Instruments Act. Echoing the feelings of the member, Mr. Prakash said that charging exorbitant interest could not be tolerated. He lauded the Hubli Police Commissioner for taking action against moneylenders. He said that people should make use of the various laws enacted to curb the illegal activity.

— Staff Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

‘Positively pregnant’
Government employees get a taste of e-governance
New entity likely to execute monorail
Shivakumar, Kumaraswamy in a war of words in Assembly
Plea to quash proceedings dismissed
Hearing on KIADB appeal resumed
Bail denied to rape accused
Gulbarga preferred location for Central varsity
Government urged to rectify admission system In the legislature
Exam results announced
Broadband firms to be brought into tax net
Petition against Chief Justice
Time limit to be fixed for land acquisition process
Officials told to restore peace in Surpur
MLAs peeved at not being consulted
APMC strike may hit fruit, vegetable supply
Minister warns moneylenders
Rape charge: man seeks bail
Police amendment Bill draws flak
Expo for designer homes
Local body elections to be held on August 30
Highlighting the other side of Bangalore
No Janata Darshan tomorrow
Boy falls to death Crime notes
KSRTC introduces ‘Sheetal’ service
Retired army officer robbed of Rs. 1 lakh
Property sale may have frustrated them
Train cancelled
Support clinic
Traffic curbs for visit of Manmohan
In Bangalore Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu