Nagpur: Sleuths of the crime branch on Saturday arrested Preeti Raipure (32), a resident of Subhash Nagar, for allegedly extorting excess money from an LIC agent.
Police said Khamla resident Shabnam Hafiz Sheikh (23) had borrowed Rs2 lakh at 10% interest from Raipure. Sheikh had paid back Rs9 lakh.
Despite earning an enormous sum via interest, Raipure had threatened Shabnam and was demanding more money. Shabnam then lodged a complaint with crime branch DCP Gajanan Rajmane. Further investigation is under way.