Fleecing moneylenders: Govt gets cracking, registers 86 cases

July 14, 2015

Bengaluru, Jul 14: The State government has begun cracking the whip against moneylenders who are fleecing borrowers following spurt in cases of farmers suicides in the State.

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As many as 86 cases have been booked against moneylenders in Mandya, Mysuru, Chamarajnagar and Hassan districts in the last one week under the Karnataka Moneylenders Act, 1961, and the Karnataka Prohibition of Charging Exorbitant Interest Act, 2004. The cases are booked against unlicensed moneylenders and those forcing people, especially farmers, to repay loan, Chief Minister Siddaramaiah said on Monday.

Replying to a discussion on farmers suicides in the Legislative Assembly, he said that a district-level task force headed by the deputy commissioner has been set up to enforce these laws strictly. Licensed moneylenders can charge a maximum of 14 per cent for secured loans and 16 per cent interest for unsecured loans as per the Act. Raids are being conducted across the State against unlicensed moneylenders. Identity of those who give information about unlicensed moneylenders will be kept secret, he added.

Besides, the chief minister said his government had no objection to increasing compensation amount to the family members of farmers who committed suicide recently to Rs two lakh each from Rs one lakh. He, however, rejected the demanded by the BJP to increase it to Rs 10 lakh each, saying that such a decision will have adverse consequences.

As many as 68 farmers have committed suicide so far in the State since April this year. The cases have increased considerably in June and July. “The government is still clueless on the exact reason for farmers committing suicides. It is a mystery. Hence the government is planning to set up an expert committee at the State level to look into the suicide cases,” he stated.

Siddaramaiah said an all-party delegation will soon be taken to Prime Minister Narendra Modi, urging him to come to the rescue of the farmers. Agriculture Minister Krishna Byre Gowda said steps are being taken to provide counseling to the aggrieved farmers. The Health and Family Welfare Department will set up a counseling desk at taluk level for this purpose.

Opposition leader Jagadish Shettar, however, demanded that the government should completely waive off farm loans. He accused the government of not coming the rescue of the distressed farmers, leading to a heated exchange between Shettar and Siddaramaiah. The BJP then staged a walk out terming the government “anti-farmer.”

From the time House assembled, the BJP did not allow the business, demanding the government must come to the aid of farmers in distress. Dharnas, raising slogans, arguments and adjournments marked the day.

In the Legislative Council too the the farmers’ issue figured prominently. BJP leader K?S?Eshwarappa said that the chief minister visited the farmers’ house only after 61 farmers committed suicide. However, Minister S?R?Patil countered him saying already the government was giving interest-free loan up to Rs three lakh. “There is no need to learn from the party which made farmers to fall to the bullets of police,” he said referring to the Haveri incident.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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