Andhra Pradesh   

SP cautions people on borrowing

Kakinada: Superintendent of Police B. Sreenivasulu cautioned the people against borrowing from unauthorised moneylenders, which lands them in trouble. He stated in a press release that no person can do lending business without obtaining a license from the Government Department concerned and such persons would be dealt with sternly under the law. Any person who secures blank promissory notes from the borrowers is punishable under Sections 384 and 420 of the Indian Penal Code.

Those who dupe the gullible public in the name of chit funds attract penal action under the Andhra Pradesh Regulation of Depositors and Financial Establishments Act, 1999.

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

Stories in this Section

Congress leaders put off pro-Telangana rally
Naidu may crack the whip on erring partymen
Unimpressive
Holi hai!
Honour for IAS officer
Award for HZL
CM’s Holi greetings
IIT-JEE mock test
Villain saves the film!
Preventive detention
‘Defeat Congress and bring back Ramanna rajyam’
TDP threatens to raid civic body office
In all splendour
Common man’s paradise
Adding life to structures
All set for SSC exams
SP cautions people on borrowing
Jute worker ends life
Devotional fervour
Where students don teachers’ role
Kisan SEZ to invite agro-based units
Police woo fishermen to check Maoists
Vijayashanti takes umbrage at TDP, TRS criticism
Selected
One-way traffic
Talk on remote sensing in fisheries
Focus on history of Krishna dist.
Rain likely
Yoga course
Screening test
Death condoled
Mock drill
Tour for child labour students

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu