High interest lenders look for political patronage as CCB tightens noose.
Bangalore ; As the CCB tightens its noose over the illegal financiers and lenders who lend money at an exhorbitant rate of Interests, popularly known as Sindhi Finance in the market have been seeking political patronage by approaching their nearby nets.
The CCB has sent shiver in the spine of the financiers by summoning them for interrogation. The probe into lending activity at an exorbitant rate of interest has begun after several months of death of two high profile businessmen film producer Kapali Mohan and Siddarth, founder Cafe Coffee Day.
A similar probe had begun a couple of years ago where cases were booked against financiers like Pawan Ahuja, his aide Shekar and atleast a dozen such similar businessmen who operated and are still operating from Chikpet, Balepet, Malleshwaram, Kumarakrupa road, Shivananda Circle and other places " Now they are operating in the name of Financial consultants," a Police source said and added that the development has lead to panic among the " Sindhi Financiers" who are knocking the doors of politicians to save their skins.
It is learnt that Ahuja backed by his friends and partners Kothari group , angad group , gupta brothers , achpal group, jadwani group, Wadhwa, Uthmani groups, Bathija group , Devnani brothers and Sachdeva group are trying tootha and nail to approach the Chief Minister to scuttle the probe.
This might slow down the probe, but his calculations might going wrong later on.