By: M.S.Yatnatti Editor and Video Journalist Bengaluru: : Veerappa is filing fresh police complaint in Bellur Police Station as victim paid compromise money to meter baddi operator in Bellur police Jurisdiction and despite court compromise he is continuously harassing Veerappa, Nagamangala Taluk Mnadya District as is victim of lan shrak and he is filing Compliant against Sri Jetty Ramesh Kumara Babu and others listed below .He is a victim of meter Baddi operators and taken a loan of 5 lakhs and ended paying more than 25 lakhs even then meer baddi operator lust and greed is unlimited .Despite compromise and settlement filed in Ngamanagala court and final settlement made of Rs 8 50,000/- on 04-07-2011 between them and as final settlement and no further cause for any litigation in this behalf and this settlement was made at Bellur at verrappa residence and filed before the Nagamanagala court but he is using the 10 (ten) Pro-notes given as security earlier when initial loan was taken using one by one and again demanding and harassing continuously for meter baddi despite all his account is settled . Till today ramesh jetty is harassing for meter baddi using those pro-notes and using his henchman’s filing flase cases by fabricating documents and harassing every day . .Request is made to bellur police to protect his life and his family life. Suicide is only the option left to him as torture is unlimited. They are demanding and coming to him and harassing for about 19 lakhs with interest again and also filing cases on him again or continuing the cases which were filed earlier to compromise. Following are the meter Baddi operators and their Henchmans who are continually harassing him .Please take action on them as per IPC and as per THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT 2004 1) Sri Jetty ramesh Kumara Babu s/o Raghvaiah Door Number 31 Texity Layout Doddathoguru Village Bangalore-100 Mobile Numbers 953504018 and 9986884523 and 9342954803 and he also resides at Door Number 4-17-18 Ithanagar Tenali Guntur District -522201 2) D Ramachndara Reddy s/o D Venkat Reddy P Kotapalli Nallacheruvu Mandalam Ananthapur District Andhra Pradesh 3) Sri Vatti Kutty Srinivas Murthy s/o Venkat subba Rao Residing At Ramanuja Kutami Krishna Ngar Guntur 4) Mohd Shabeer s/o Mohd Yunus Medical shop Prakasham Road Tenali Guntir District AP He had taken a hand loan of Rupees 5 lakhs and not a loan on high interest and he had returned Rupees 5 lakhs and till date he have been extracted and extorted of Rupees 25 lakhs from him and still harassment is continued and money demanded is unlimited as meter baddi operator is demanding another 19 lakhs . He is facing difficulties and experiencing harassment by Sri Jetty ramesh Kumara Babu s/o Raghvaiah and his henchman’s D Rmachndra Reddy and Vatty Kutty Srinivas Murthy and Mohammed Shabber all belonging to Andhraparadesh (AP) and his henchman in connivance with rowdy elements they have taken money from him several times by threatening and filing false cases .Police exists to curb the meter baddi and loan sharks and they should take stern action on loan sharks . Director-General and Inspector-General of Police is requested to implement THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT 2004 in letter and spirit and avoid recurrence of events like farmers and other victims suicide like four Doctors of a single family who had committed suicide in chamrajpet ,because allegedly they were not able to pay the high interest loans. The many private lenders are allegedly giving loans to companies and entrepreneurs’ at very high rate of interest in violation of THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT 2004.These private investors used to lend loans to people , companies and harassed them by charging high interest rates . At the same time entrepreneurs’ and other and at the same time companies should stop taking such high rate of interest loans from loan sharks and instead take bank loans as it is deadly and costlier mistake taking loan from loan sharks. CM and Home Minister and KSHRC must take stern action against loan sharks and Police must book them and investigate? As per law Where a debtor or any member of his family commits suicide and if it is shown that immediately prior to such suicide the debtor or any member of his family was subjected to molestation by any person, the person who has advanced loan shall, unless the contrary is proved, be deemed to have abetted the commission of such suicide. The entrepreneurs are becoming victims of loan sharks as they target genius minded professionals with exorbitant interest rates and ultimately these loan sharks do their business without license to lending business and in violation of prohibition of exorbitant rate of interest Act and make the life of professionals miserable using all kind of tactics including use rowdies to extract money by threatening. THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT 2004.This is an interesting piece of legislation about which the general public does not have much awareness. The Act has a noble intention of prohibiting the charging of exorbitant interest by financiers and money lenders. An exorbitant interest is an interest at a rate more than what is fixed under section 28 of the Karnataka money lenders Act 1961. This amount to 15 % in case of secured loans and 18% in case of unsecured loans. Hence anybody charging interest more than the above rate is said to charging exorbitant interest. As per the Act whoever charges exorbitant interest on any loan advanced by him shall be punishable with imprisonment for a term of which may extend to 3 years and also with a fine which may extend to Rupees 30,000/- .A debtor may deposit the money due in respect of a loan received by him from any person together with interest thereon into the court along with the petition to record that amount deposited is in full or part satisfaction of the loan including the interest thereon. The Court may after inquiry, pass order recording the satisfaction of the loan and interest therefore in full or in part as the case may be. The Court may, on a petition filed by the debtor for settlement of loan including the interest therefore, pass an order for the adjustment of the interest, if any, paid by the debtor, over and above the rate of interest fixed by the State Government towards the loan. Where a debtor or any member of his family commits suicide and if it is shown that immediately prior to such suicide the debtor or any member of his family was subjected to molestation by any person, the person who has advanced loan shall, unless the contrary is proved, be deemed to have abetted the commission of such suicide.