Odisha Police Bust Illegal Loan Racket; 137 Bikes, 127 Mobile Phones & Rs 3.61L Cash Seized

Odisha: Man arrested for duping people by promising loans against valuables - OrissaPOST

Berhampur: Odisha Police have arrested a 35-year-old man for allegedly duping people by promising them loans against the deposit of valuables such as gold ornaments, motorcycles and mobile phones, an officer said Friday. The accused, identified as K Rabindra Reddy, was nabbed from his residence in Adava area in Gajapati district on Thursday after receiving a complaint. Police seized 137 motorcycles, 127 mobile phone sets, several bank documents …

Odisha Police Bust Illegal Loan Racket; 137 Bikes, 127 Mobile Phones & Rs 3.61L Cash Seized

Paralakhemundi: In a major breakthrough, Odisha Police busted an illegal money-lending with the arrest of a man accused of running a high-interest loan operation by accepting motorcycles and other valuables as collateral from borrowers. The accused, identified as K. Ravindra Reddy, was arrested following a raid at his residence in Adaba police station limits. Police recovered 137 motorcycles, 127 mobile phones, Rs 3,61,200 in cash, along with ve…