Godmother Santokben’s Kin Faces Fresh Trouble Under Money Lenders Act

A recent development in the case of Santokben, a well-known figure in Ahmedabad, has led to the filing of a fresh case against her jailed kin. The case pertains to the extraction of a large sum of money, amounting to Rs 4 crore, against a loan of merely Rs 75 lakh. This has raised eyebrows and sparked a new investigation into the dealings of Santokben’s family members. The Money Lenders Act has been invoked in this case, which could lead to severe penalties for those found guilty. The act prohibits the charging of exorbitant interest rates and other unfair practices by money lenders. The authorities have been cracking down on such activities, and this case is a significant step in that direction. The kin of Santokben, who is currently behind bars, is now facing charges under this act. The investigation has revealed that the loan was given to a person who was in dire need of financial assistance, but was charged an interest rate that was far beyond the acceptable limits. The total amount extracted from the borrower is a staggering Rs 4 crore, which is more than 50 times the original loan amount. This has caused significant financial distress to the borrower, who is now seeking relief from the authorities. The case has also highlighted the need for stricter regulations and oversight of money lending activities in the state. The authorities are taking a tough stance on such cases, and it is expected that more such cases will come to light in the near future. The people of Ahmedabad are welcoming this move, as it is expected to bring relief to those who have been exploited by unscrupulous money lenders. The case is also being seen as a warning to others who engage in such activities, and it is hoped that it will serve as a deterrent. The investigation is ongoing, and more details are expected to emerge in the coming days. The authorities are working to ensure that justice is served, and that those responsible for such exploitation are brought to book. The case has also sparked a debate about the need for more effective regulations and laws to protect borrowers from exploitation. The government is being urged to take a closer look at the issue and to come up with more effective solutions to prevent such cases in the future.

Source