Bangalore
Four financiers involved in illegal money lending were arrested from Bangalore market area and about Rs1.13 lakh and other valuables seized, police said today.
Updated : Mar 10, 2011, 09:40 PM IST
Four financiers involved in illegal money lending were arrested from Bangalore market area and about Rs1.13 lakh and other valuables seized, police said today.
Police said they would lend money to street vendors at exorbitant rate of interest.
The group was involved in the business for six years and had conducted business to the tune of Rs1.5 crore, police said.