Three women booked for illegally running chit fund, lending money at exorbitant interest rates
The Central Crime Branch has filed charges against Susheelamma, Rakshitha, and Navaneetha for operating an unauthorized chit fund scheme and lending money at exorbitant interest rates. The trio, all residents of Vinayaka Layout in Bengaluru, allegedly lent ₹16.09 lakh without a valid license and sought repayment of ₹26.09 lakh, including ₹10 lakh in interest.
Despite the complainant having already paid ₹38.60 lakh, the accused persistently demanded additional payments. Threats of violence and the use of political connections and police influence to harass the borrower were also alleged. The investigation focuses on the illegal collections and the recovered amount from the complainant, under the purview of various Karnataka laws.
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