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Woman held for illegally lending money

AURANGABAD: The Economic Offences Wing ( EOW ) of the city police arrested a woman on the charges of illegally running a money lending business from her residence in Satara on Friday.


The EOW seized 5 notarized bond papers, sale deeds, mortgage papers and receipts of payments of token amount, a cheque for Rs 90,000, cash worth Rs 88,600, three registers of chit fund and two motorcycles from her house.



The arrested suspect was identified as Asha Badrinath Dubile (45), a resident of Jyoti Nagar, behind MIT College.

Based on the complaint lodged by EOW assistant inspector Amol Satodkar, an offence was registered with the Satara police.

EOW inspector Srikant Navale said that perturbed by her act of randomly charging interest rate and collecting the same from the people who took loan from her, some women reached out to the commissioner of police Chiranjeev Prasad in November 2018, and accused Dubile of running an illegal money lending business. They added that she would overcharging them and even try to usurp their immovable property.

API Satodkar said that while investigating the case, the EOW reached out to the office of the cooperative societies for seeking legal documents of Dubile’s money lending business. They found out that she was not a registered private money lender .

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