DailyTimes | Five held for taking interest on loan

Five held for taking interest on loan

Five held for taking interest on loan

SWABI: The police have arrested five people on the charges of lending money on interest.

An official at the Kalu Khan Police Station said that Faridoon, Shafiullah, Amanullah, Salar, and Liaqat Zaman had lent Rs140,000 to one Ayub Khan hailing from Managai village.

He said that Ayub Khan had paid back Rs600,000 to the accused, but they were demanding Rs200,000 from him.

The official said the accused had forced Ayub Khan to vacate his house when the police acting on a tip-off raided the place and arrested the five accused.

It may be mentioned that the police are cracking down hard on those lending money to needy people on usury. The police have arrested 70 people in Swabi so far.