Patna. Kudra police of Kaimur district of Bihar has arrested Laxman Shah in a major action against illegal money lending. The police took this action after a complaint was lodged alleging serious financial exploitation and harassment. Confirming the arrest, Kaimur Superintendent of Police Harimohan Shukla said that the victim had borrowed Rs 1.5 lakh from the accused for his sister’s marriage. In return, Lakshman Shah allegedly forced the victim to sign blank cheques. Despite making partial payment, when the victim went to repay the remaining amount, the accused allegedly demanded Rs 5.6 lakh along with exorbitant interest. He continuously tortured the victim mentally and physically.
Frustrated, the victim contacted the police pleading for justice.
Taking immediate action on the complaint, Kudra police raided the residence of Laxman Shah.
During the operation, police recovered Rs 1.7 lakh in cash, 245 blank signed checks of various persons, 39 land documents, 65 signed stamp papers, three diaries related to money lending transactions and 1.764 kg of silver jewellery.
Preliminary investigation revealed that the accused allegedly charged four to five times the amount borrowed and confiscated the properties of borrowers who were unable to repay.
SP Harimohan Shukla said that the case has been registered and the accused has been sent to judicial custody. The police will also investigate and confiscate illegally acquired properties linked to the money lending racket.
Police have appealed to other victims to come forward and lodge complaints so that further legal action can be taken.
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