Nepal

Loan shark nabbed in Saptari

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RAJBIRAJ, JANUARY 6An business owner has been apprehended on the charge of providing money at an outrageous rate of interest by keeping land and gold as collateral in Dakneswori Municipality, Saptari. Priest Vaishnav arrested on forgery charge Artist Govinda Sahs solo exhibit in London Sah deals with accusations of charging an outrageous interest(meter interest) and not returning the security even after the debtors pay back the loan.Sah was remanded to the custody by District Court, Saptari, today and police have launched an investigation into him, stated DSP Naresh Kumar Singh.Sah was snatched based upon the problems signed up by Mohammad Aftab Alam of the exact same municipality, according to DSP Singh.Sah has been kept in the custody of Area Police Office, Kalyanpur.Victim of expensive rate of interest Alam shared that his dad Yusuf had actually taken a loan of Rs one million from Sah by keeping five kathha and 14 dhur land as collateral 6 years ago.At the time of offering loan, Chandra Kant had obliged Alams father to give up composing that he would have to pay back double the loan amount.As if that was inadequate, Alams father had actually also signed the land to Sahs name at District Revenue Office Saptari.Alam regreted that he had actually knocked the doors of the authorities after Chandrakant did not return land and written paper even after they had cleared both the loan and interest.Earlier, Sanjeev Mishra had actually committed suicide due to the meter interest at Saptaris Chhinnamasta Rural Municipality.Meanwhile, residents, who lost their houses due to meter interest charged by Ramdev Sah, are still protesting against Ramdev in the street in Khadak Municipality, Saptari.A version of this article appears in the print on January 7, 2023, of The Himalayan Times .

This post very first appeared/also appeared in https://thehimalayantimes.com




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