............City Police Commissioner P. Vijayan said the intelligence wing had conducted a preliminary audit of the functioning of these institutions following a spate of complaints from the public, mostly the urban poor and also aged and indigent persons. Most of the errant institutions operated on licences obtained from the Commercial Taxes Department. They charged an usurious rate of interest from their customers, often up to 20 times more than that set by the Reserve Bank of India (RBI), he said..........
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