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19 Oct 2018, Edition - 1193, Friday

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Coimbatore

Woman usurer arrested in Rathinapuri

Covai Post Network

Image credit : Illustrative Image

Police arrested a woman usurer in Rathinapuri on Tuesday for threatening a man who had taken a loan from her.

According to police, Boopathi Kannan, a resident of Kannan Nagar in Irugur, had borrowed Rs. 7 lakhs from Maheshwari and her husband Anandkumar in Rathinapuri in 2014 by pledging a land. He had also given some blank cheques as a guarantee. The couple charged Rs. 7000 interest for Rs. 1 lakh for 10 days. Boopathi Kannan paid Rs.49,000 as interest and managed to clear the entire amount within 10 days. However, the couple did not return the land documents and the blank papers.

In his complaint to the Collector on Monday, Boopathi Kannan said the couple withdrew Rs.52,92,400 from his account using the cheque he had given earlier as his friend (who had taken loan from them) had not paid the interest. “Even after withdrawing a huge amount from my account, the couple refused to return the papers my friend had submitted while taking the loan. They are harassing me and demanding more money from me,” he said in his complaint.

Boopathi Kannan alleged that neither the district administration nor the city police responded to his earlier six complaints between July 2016 and November 2017. “I have no option but to kill myself,” he said.

Based on his complaint on Monday, City Crime Branch registered a case against Maheshwari and Anandkumar under Section 4 of Tamil Nadu Prohibition of Charging Exorbitant Interest Act 2003 and 506(i) IPC and arrested Maheshwari on Tuesday.

COIMBATORE WEATHER