Crackdown on illegal money lending racket begins

Press Trust of India  |  Kochi 

Police today began crackdown on illegal money lending in middle districts coming under the jurisdiction of Range Inspector General of Police.

Several persons have been taken into custody during the raids codenamed "Operation Blade" launched in the middle


In Rural district alone, 58 raids were carried out as part of the operation. Information about raids from other middle districts were being collected, police said.

Four persons have been taken into custody in Rural district alone in this connection.

They will be charged under various sections ofthe Money-Lenders Act, police said.

Police said they will continue the crackdown on the unlicensed moneylenders known as "blades" to put an end to the menace.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, December 23 2017. 18:05 IST