Usury

Hubballi-Dharwad

23 Booked in Hubballi-Dharwad for High-Interest Lending as Police Intensify Crackdown

Hubballi: The police in the twin cities of Hubballi-Dharwad have intensified their crackdown on illegal money lenders who charge exorbitant interest rates. Recently, the police uncovered a syndicate involved in “meter baddi,” a colloquial term for lending money at excessively high interest rates. As a result, 23 individuals have been booked across 13 different police stations in seven cases. Speaking…