The news of the arrest of money laundering is coming right from the Karimnagar, Telangana. There has been the arrest of 10 financers. Along with the arrest of 10 financers, the police department of Telangana also forfeited around Rs 50 lakh. This news has sought the attention of the people of not only Telangana but also from all across the world. As per the information given by the Telangana Police Department, the police had raided 37 locations in Karimnagar, Telangana which were intended to nab people in the connection with illegal “interest” business. This raid has made people applaud the Telangana Police. This raid was organized by cops on Wednesday, 23rd March 2022.
As per the sources, police conducted raids on 37 locations in Karimnagar; therefore, it seized Rs 52.57 lakh cash those all were signed promissory notes, blank cheques and some other documents from various money lenders. As of now, police have lodged six cases in Huzurabad and the number of cases registered in the Karimnagar zone is four in this context of the concerned news. This news has come up to the headlines of many news networks. The police officers are being raised by not only the respective department but also the people on many news networks in Telangana.
Ten Arrested in Crackdown on Private Money Lenders
According to the V Satyanarayana who is in CP Karimnagar the money lenders were accustomed to charging 5 per cent to 10 per cent from their clients in order to convert their black money into white money. The police have also expressed that they used to seize the properties of their clients as a security asset. As a result, a number of their clients killed themselves as they were unable to bear this mental and sometimes physical harassment. The police are surging this prob to various angles so that they may come across all the possible parts of this case. It has sought the attention of people on the account of the number of arrests as well as the concentration of crime that is money laundering.
Money laundering is cheating with not only the government but also the whole of India. It is possible that the number of arrests will increase in this case gradually. More details in the context of this case of money laundering will be updated on the news networks as well as several internet websites as soon as possible.
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