Hyderabad, Nov 3 (Hydnow): the Chandrayangutta police arrested an illegal financier on charges of lending money to people and harassing them by collecting higher rates of interest.
The arrested person is Iqbal Bin Khalifa (53), a businessman from Barkas in Chandrayangutta.
Police said Iqbal Bin Khalifa has been running an illegal finance business for the last few years by lending money to his friends and those in the neighborhood without any valid permission from the competent authority.
“he took sureties from people in the way of signed cheques and empty promissory notes for hand loans to those in need. He collected huge interest on the principal loan amount. Even after the loan had been repaid, he continued to harass them by extorting more money, said a police official.
Several of his victims have not come forward to lodge a complaint fearing consequences, the official added. He was produced before the court and remanded in judicial custody. (Hydnow)
Next Story :
-
No Change In Gold Prices In Hyderabad Today
The gold rates today stable in Hyderabad on 19 April, 2026. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 1,42,800 while the rate of 10 grams of 24-carat gold is at Rs 1,55,780.
-
Youth Commits Suicide Under suspicious circumstances
Suryapet / Hyderabad, April 18 (Maxim News): A young man died after hanging himself from a neem tree under suspicious circumstances on Saturday morning at Anantaram Adda Road in Penpahad Mandal of Suryapet district.
-
Private Bus Catches Fire In KPHB, Passengers Escape Unhurt
Hyderabad, April 18 (Maxim News) A major fire broke out in a private travel bus in the KPHB on Friday night, triggering panic among passengers. However, alert staff ensured that all 20 passengers were safely evacuated before the flames spread, averting a major tragedy.
-
Hyderabad: Father, 2-Year-Old Die in Road Accident
Hyderabad, April 15 (Maxim News): A horrific road accident took place on the Outer Ring Road in Hyderabad. A father and his two-and-a-half-year-old son died after being hit by a tanker that was watering trees.
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram