Mohan Reddy, who used to work at Siddipet Commissionerate, was earlier suspended for operating an illegal financial business.
Post Date – 10:44 PM, Thursday – 12/1/22
Mohan Reddy, who used to work at Siddipet Commissionerate, was earlier suspended for operating an illegal financial business.
Karim Nagar: A police officer has been sacked after he was found to be running a full-time moneylending business after setting up an office in Karimnagar.
The dismissal order for ASI B Mohan Reddy was issued by Karimnagar Range DIG (in charge) and Police Commissioner V Satyanarayana after Jagtial SP Sindhu Sharma lodged an investigation report. The report found ASI guilty of serious misconduct.
Mohan Reddy, who worked in the Siddipet Commissionerate Restricted Area in the erstwhile Karimnagar district, was earlier suspended for operating an illegal financial business. Sindhu Sharma was called in to investigate following complaints from victims and widespread media coverage of police running illegal financial operations. The investigation, which included statements from 11 witnesses, established that Mohan Reddy was still operating a financial business despite knowing that it was unregistered and illegal and in violation of AP Finance and the Money Lenders Act 1349, according to officials. Establishment Act 1995.
It was found that Mohan Reddy had not provided any documents showing the amount of the borrower. He registered the borrower’s property to agents including his father B Adi Reddy, wife B Latha and brother-in-law Sridhar Reddy by means of sale-cum-GPA and obtained full rights to sell the property to anyone. The investigation found that he borrowed money at interest rates of 3% to 5% by taking blank checks and blank promissory notes from borrowers. In addition to threatening the borrowers, Mohan Reddy and his associates allegedly seized the land. A Ramavarapu Prasada Rao committed suicide due to unbearable police harassment.
The dismissal order states that operating an illegal money lending business while employed by a law enforcement agency, threatening the borrower and occupying its property in the name of an agent, and abetting the borrower to commit suicide are violations of the rules of service and conduct.
