Illegal money lending case: CCB arrests one

Bengaluru: The Central Crime Branch (CCB) has arrested a person after conducting raids at his residence based on complaints of alleged illegal money lending.

The arrested has been identified as Nagaraj Shetty.

“Central Crime Branch (CCB) arrested an accused Nagaraj Shetty in Vyalikaval after conducting raids at his residence and seized 164 cheques, 84 on-demand promissory notes, property documents forcefully taken from victims and Rs 22 lakhs cash,” said Sandeep Patil, Joint Commissioner, CCB.

Reportedly, CCB officials conducted the raid on complaints that Nagaraj was charging exorbitant interest rates.