Police delivers pvt money lender for harassment | Kolhapur News

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Kolhapur: Police in Shahuwadi hired a private lender for allegedly threatening a man to collect dues billed at an exorbitant interest rate.
According to the police, the accused loaned Rs 18,000 to the complainant in 2013 and recovered Rs 1.33 lakh until August 2019.
The complainant, Vijay Anandrao Mane, is a resident of Bajagewadi in Shahuwadi taluka. He works as a worker in the construction sector. “In January 2013, he borrowed a loan amounting to Rs 18,000 from the accused. Until August 29, 2019, he paid the accused Rs 1.33 lakh. However, the accused began to harass Mane by claiming that he had not yet paid the interest and the principal. Tired of the harassment, Mane lodged a complaint with us, ”a police officer sadly said.
“We have registered a complaint against the accused under several articles of the Maharashtra Money Lending Act 2014, including articles 39 and 45 as well as articles 323 (punishment for willfully injuring), 504 (intentional insult with intent to cause a breach of the peace) and 506 (penalty for criminal intimidation) of the Indian Penal Code. We are collecting information about the accused and his money lending activities to date. According to the initial investigation, the accused does not have a valid license to operate as a money lender, ”he added.
The officer said lending money without a valid license is illegal. “We are collecting information on the people involved in this type of activity and those who borrowed money from the accused at a high interest rate. We have not yet arrested the accused, but we will soon take action against him according to the law, ”said the officer attached to the Shahuwadi police station.

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