It's cops vs corporator in usury racket

Mahesh Babu

Mahesh and four others allegedly extorted money from industrialists and big businessmen to extend loan for higher rate of interest, said the police. Mahesh, however, denied his involvement in the racket.

Babu allegedly had extended the money on loan to petty shop owners, those who ran video game parlours and vendors on pavement in Majestic area. Babu and four others, including notorious rowdy-sheeter Sunil alias Silent Sunil, now in jail, engaged in usury and extortion in the Majestic area. They made huge money by exploiting footpath vendors, the police claimed.

Babu’s involvement came to light when the police recently arrested Majestic Seena, an associate of Silent Sunil. Babu and others had vested Seena with the responsibility of collecting interest amount and hafta from the area. Interestingly, the police have not registered any case against Babu. “We recovered the money given on ‘meter’ interest.

Hence, we did not register any case. Babu stopped the business in February. All four parted always after the police arrested Silent Sunil and sent him to prison,” said police inspector Mudavi. “Neither have I given money on interest nor have I taken money on interest by anybody. It is totally false. But, Majestic Seena was working in my office for a monthly salary of Rs 3,000. There is no connection between me and Silent Sunil,” he said.

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