bamb: valuables worth 15 cr seized from the lockers of an illegal moneylender | Nashik News

Nashik: Dhule Police seized cash and valuables worth around Rs 15 crore from the bank lockers of an illegal money lender – identified as Rajendra Bamb – who was arrested after registration of an FIR for offenses punishable under various sections of the IPC for extortion, cheating, criminal breach of trust, forgery, as well as the Maharashtra Money Lending Act 2014 (Regulation ).
After registering the FIR against Bamb on May 31, senior Dhule police officers first raided his house and found Rs 1.25 lakh in cash in addition to gold jewelery worth over Rs 46 lakh.
Bamb had lent money to people, without a license, at an annual interest rate of 24%. When giving the money, Bamb used to take important documents relating to real estate properties (land, house, etc.) and also used to obtain signatures from loan takers on blank stamp papers.
After one of Bamb’s clients filed a complaint against him, Dhule police intervened and raided his house.
Later, the police started checking her bank accounts and records. The process of seizing money from Bamb’s bank lockers is conducted under the direction of SP Pravinkumar Patil.
According to senior Dhule Police officers, cash and jewelery worth Rs 10.73 crore was seized from one of Bamb’s bank lockers on Friday.
The cash alone stood at Rs 5.13 crore. Later, other valuables and cash were found in other lockers.
Senior officials from the Local Crime Branch said that so far they have recovered cash and jewelery worth more than Rs 15 crore from various bank lockers. The process is still ongoing.

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