Adilabad CSC operator arrested for alleged illegal money-lending

A customer service centre operator, Ade Kailash, was arrested in Echoda, Adilabad district, on Monday for allegedly lending money to farmers at exorbitant interest rates. Police seized promissory notes and blank cheque leaves and registered a case over illegal money-lending

Adilabad: An operator from a customer service centre (CSC) of a bank was arrested on charges of fleecing the public by charging hefty rates of interest in Echoda on Monday. Police seized promissory notes and blank cheque leaves from his possession.

Police said that Ade Kailash was fleecing the gullible farmers giving loans at exorbitant rates of interest under the guise of CSC. He was also found to be misusing stamps of a bank. A case has been registered against Kailash for operating an illegal money-lending business. Investigations have been taken up.

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