Usurer Arrested

BANGALORE: The Madanayakanahalli police arrested a money lender for allegedly harassing public by charging exorbitant interest rates.  The accused as G T Narayanappa, 46, was a resi

Published: 06th March 2012 02:51 AM  |   Last Updated: 16th May 2012 06:29 PM   |  A+A-

BANGALORE: The Madanayakanahalli police arrested a money lender for allegedly harassing public by charging exorbitant interest rates.

 The accused as G T Narayanappa, 46, was a resident of Madanayakanahalli.

Police said that the accused used to lend money at 30 per cent interest rate and harassed public. It is suspected that he had made a transaction of around `50 lakh and had given money to more than 100 people, mostly garment factory workers.

Promissory notes related to his dealings, a car, `35,000 cash and other documents have been recovered from him. Nelamangala Circle Police Inspector Dr Prakash and team arrested the accused.

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