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Hyderabad: 27 illegal financers rounded by police

News Agencies | Updated on: 18 March 2017, 12:53 IST

The Hyderabad Police on 18 March, 2017 rounded up around 27 illegal financers from the city.

The police recovered various kinds of property documents, blank signed non-judicial stamp papers, signed blank cheques and other illegal documents from the possession of these financers.

All the documents recovered are being verified to verify their authenticity.

As of now, 13 cases have been registered against the financers and they are being forwarded to judicial remand under section 384 of Indian Penal Code (IPC) and 3 and 5 Telangana Money Lending Act.

The arrests took place after a special drive was initiated against the illegal financers by the South Zone Police after it was found that the activities of the financers were rising in the city.

The Dy. Commissioner of Police, V. Satyanarayana made an appeal to the people to report any such harassment by the financers and to share the information in order to nab the offenders.


First published: 18 March 2017, 10:37 IST