In Rajasthan’s Jhalawar district, the Aklera Police have arrested a notorious moneylender accused of exploiting individuals through illegal moneylending practices. The accused allegedly trapped people in a cycle of debt by offering small loans and then imposing exorbitant compound interest, leading to inflated dues. Victims faced threats, intimidation, and harassment to ensure repayment.
The crackdown followed a complaint by a resident of Adarsh Nagar in Aklera, alleging being trapped in a debt cycle with escalating amounts and threats. A special police team, under the supervision of senior officers, arrested the accused, Suganchand, who was found to be running a systematic usury racket. Financial records seized during the operation revealed illegal interest collections amounting to crores of rupees over three years.
The accused, with a criminal history, deployed a network of associates to pressure borrowers and had extensive incriminating material seized, indicating a large illegal lending network. Authorities are now working to identify associates, trace financial links, and locate more victims. The police have urged the public to report instances of illegal moneylending for strict action against offenders.
