Three running illegal finance biz held in B’lore

Bangalore: Three persons, running an illegal
finance business, near here, have been arrested and several items seized, police said today.

They were lending loans to small-time businessmen and working people on higher interest rate of ten to fifteen per cent, police said.

As many as 140 signed cheques of different amount, blank stamp papers, agreement letters, mortgage DDs, property papers of security and other goods along with Rs 7,000 were seized when police raided a house yesterday.
They had transacted loan business to the tune of Rs one crore, police said.

PTI