Seven moneylenders booked for threatening borrower

Rajkot: Seven moneylenders were booked in Morbi for allegedly threatening a borrower on Monday night.

According to Morbi taluka police station officials, Arvind Charola, a resident of Haripar (Kerala) village in Morbi taluka had borrowed money from these seven moneylenders at different times for the last one year.

Even after payment

, the lenders are harassing him for additional payment.

Based on his complaint, cops booked Mahendrasinh Zala, Rajesh Jilariya, Narsang Rathod, Harshad Chavda, Sagar Dangar, Bhavesh Bavaji, and Sumit Charola under various sections of Indian Penal Code and sections of Gujarat Money-Lenders Act-2011.

“Arvind Charola first borrowed Rs 12 lakh from Mahendrasinh Zala and Rajesh Jilariya on six percent interest. In the last eight months, he has already paid Rs 20 lakh but they are still demanding more from him. Later, he borrowed Rs 12 lakh from Narsang Rathod. Till now, he has paid Narsang Rs 8 lakh but he is still demanding Rs 20 lakh more from him,” police said.

“Charola borrowed Rs 35 lakh at 3.5 percent interest rate from Harshad Chavda. He has been paying interest but Harshad got Arvind’s 12 bigha agricultural land transferred on his name for not repaying money,” police added.

Charola also borrowed money from Sagar Dangar, Bhavesh Bavaji and Sumit on varied interest rates. The complainant has now alleged that these moneylenders have been threatening him for not being able to repay his loan.