3 held for charging high interest rates

BANGALORE: Central Crime Branch sleuths raided a finance company and arrested three persons for giving loans to people, who needed money urgently, at the rate of 10 to 15 percent per month.The accused have been identified as K A Bebi (46) of Thindlu, Babu alias Ramesh Babu (48) of Vyalikaval and Chandrashekhar alias Chandru (40) of Hebbal.They were running a finance company by the name ‘Best Finance Corporation Limited’ at Palace Guttahalli and running `1.5 crore worth of finance. If the borrowers were unable to pay the interest money, the accused used to harass them, the police said.The police have recovered blank bank cheques, on demand promissory notes, blank stamp papers, agreements, document of twowheelers, two two-wheelers and cash of `3 lakh from them. A case has been registered in Vyalaikaval police station limits.