Latest news with #GujaratMoneyLendersAct
Time of India
16-05-2025
- Time of India
Gujarat police seized properties of loan sharks in special drive: Govt
Gandhinagar: The Gujarat govt claimed on Friday that, for the first time in the country, the properties of loan sharks, including four houses, two plots, and an SUV, were attached as part of a special drive. An official statement said that in an operation conducted in Anjar town of Kutch district, the police seized properties worth Rs 63.46 lakh acquired through money lending. A team of the Kutch (east) police took action against three accused — Riyaben Ishwargar Goswami, Artiben Ishwargar Goswami, and Tejas Ishwargar Goswami, residents of Mankaleshwar in Anjar — who formed an " organised crime syndicate and committed crimes for financial gain," the govt said. Minister of state for home Harsh Sanghavi congratulated Kutch (east) SP Sagar Bagmar and his team for the action. The statement said that during the operation, the police examined the accused's criminal history, including several serious offences. Cases were registered against the accused under the Indian Penal Code, the Gujarat Money Lenders Act, and GujCTOC Act. "A proposal was sent to the home department in Gandhinagar, and based on the department's order, the process of confiscating and seizing these properties was completed," the statement added.
Time of India
13-05-2025
- Time of India
Properties of three siblings seized under GujCTOC
Rajkot: The Anjar police have seized properties belonging to three siblings, Riya Goswami, Aarti Goswami, and Tejas Goswami — under the Gujarat Control of Terrorism and Organised Crime (GujCTOC) Act for their alleged involvement in extortion and financial crimes .Police inspector Ajaysinh Gohil said the trio was booked in 2024 under charges of extortion and offences under the Gujarat Money Lenders Act at the Anjar police station. Investigations revealed that the siblings used the illegally earned money to acquire immovable has a criminal history with eight cases registered at Adipur and Anjar police stations, involving charges like rioting, assault, extortion, issuing death threats, and money lending without a has also been booked under similar charges in multiple cases at Adipur and Anjar, while Tejas faces four criminal cases at Anjar, including extortion, illegal money lending, and criminal police confiscated properties worth Rs 17.32 lakh belonging to Riya, Rs 6.45 lakh belonging to Aarti, and Rs 60,170 linked to Tejas, which was acquired in the name of his mother
Time of India
11-05-2025
- Time of India
22-yr-old student accuses nine of extortion, harassment over trading debts
Rajkot: A 22-year-old BBA graduate from Jaipur National University has filed a police complaint against nine prople, accusing them of harassment and extortion related to stock market trading debts that escalated over three years. The complaint, lodged at Rajkot taluka police station, followed the student's suicide attempt in late to police, the complainant, Sagar Gajjar, studied trading online during the pandemic while living with his family in Raviratan Park. Trading through a demat account opened in his mother's name, Gajjar incurred losses of around Rs 3 lakh between 2020 and 2023, which he kept hidden from his two acquaintances, brothers Jaydeep and Janak Boricha, proposed a trading partnership and gave him Rs 5.5 lakh to invest. Gajjar initially returned Rs 2 lakh, but further losses led the brothers to demand repayment of the full amount with manage the debt, Gajjar borrowed Rs 2.5 lakh from Karan alias Deky Mer at a monthly interest rate of 10%, and another Rs 5 lakh from Mer's associate under similar terms. Despite transferring Rs 6.99 lakh to the Boricha brothers, they allegedly demanded Rs 7 lakh continued borrowing at high interest, including Rs 4 lakh from Kuldeep Vadher at 3% monthly interest. According to the complaint, when he failed to repay, some of the accused seized his motorcycle, smartphone, and April 25, under extreme mental stress, Gajjar reportedly attempted suicide by overdosing on sleeping pills. After recovering in hospital, he approached the on his complaint, Rajkot police booked nine individuals — Jaydeep Boricha, Janak Boricha, Karan alias Deky Mer, Kuldeep Vadher, Karan Kaneria, Kuldeepsinh Jadeja, Neel Lodhiya, Danish Pabari and Mahavir Dhakhda — under charges of extortion, criminal intimidation, and various sections of the Gujarat Money Lenders Act. Investigations are ongoing. Get the latest lifestyle updates on Times of India, along with Mother's Day wishes , messages , and quotes !
