Money Matters: Usurer Arrested

BANGALORE: KR Puram police have arrested a moneylender for allegedly harassing public by charging exorbitant interest rates. The accused has been identified as R Krishna alias Handi Krishna (4

Published: 23rd January 2012 04:04 AM  |   Last Updated: 16th May 2012 06:20 PM   |  A+A-

BANGALORE: KR Puram police have arrested a moneylender for allegedly harassing public by charging exorbitant interest rates. The accused has been identified as R Krishna alias Handi Krishna (45), a resident of

Devasandra in KR Puram.

The police have estimated that his illegal financial turn over is around `80 lakh annually. According to police, Krishna used to give loans to people at an interest  rate of of 15 per cent against. If they failed to pay the loan with interest, he allegedly used to increase the rate of interest and threaten debtors by using goons. The police have seized blank cheques and other documents related to dealings.

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