Hyderabad: "We are putting PD Act (Preventive Detention Act) on the financiers who have been repeatedly found involved in these offences," added Mr Satyanarayana.
The South zone police also conducted raids at businessman Narayan Rathi's residence and seized 165 kilograms of silver including ornaments and raw material of which he had no appropriate bills or documents.
The businessman has been taken into custody by Falaknuma police for further inquiry.For other Hyderabad news,click here.
In a crackdown by Hyderabad police, 31 illegal financiers have been detained in the old city on Monday. Around 160 kilograms of silver has also been seized.
Speaking to ANI, V Satyanarayana, Deputy Superintendent of Police (DCP) South Zone, Hyderabad, said they have apprehended 31 illegal financiers who were extorting money by taking blank cheques and promissory notes from the poor and middle class people.
The city police have seized many documents from these illegal financiers and have filed 14 cases against them.
The South zone police also conducted raids at businessman Narayan Rathi's residence and seized 165 kilograms of silver including ornaments and raw material of which he had no appropriate bills or documents.
Advertisement
COMMENTS
Advertisement
"Record" Rs 110 Crore Seized Ahead Of Lok Sabha Polls In Jharkhand 8-Year-Old Girl Drowns In Swimming Pool In Hyderabad: Cops 49-Year-Old Policeman Dies After Weapon 'Misfires' In Hyderabad World's Largest Isolated Tribe Makes Rare Appearance In New Footage 2 Passengers Die As Chandigarh-Dibrugarh Express Derails In UP Puja Khedkar's Mother Was Hiding At Lodge With Cab Driver, Used Fake ID Britain Failed By Flawed Planning For Coronavirus Pandemic, Probe Finds Malavika Mohanan's Pastel Saree Perfectly Matched Her Charming Elegance Chartered Accountancy Final Exam Schedule For November Session Out Track Latest News Live on NDTV.com and get news updates from India and around the world.