Police arrested another Call Money businessman

Saturday, December 26, 2015

  • Seizes blank cheques and promissory notes

Vijayawada Satyanarayanapuram police have arrested one Kommireddy Venkata Subba Reddy from Gudivada who is harassing the borrowers working as small scale employees in Indian Railways.

The DCP (Law and Order) L. Kalidas speaking to press said that they have seized 1,469 promissory notes, 911 empty cheques, 59 bank passbooks, 83 ATM cards and six non-judicial stamps. He said that the accused has been doing money lending business in Vijayawada and Gudivada for the past 20 years and was lending money especially to small scale employees working in railways and was collecting huge interests. The DCP said that the accused was harassing the borrowers. The action came following the borrowers lodged complaint with the City Police Commissioner. It may be recalled that on December 24, the police has arrested R.Paparao on the charges of harassing the borrowers.

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