Ernakulam Police Crack Down on Loan Sharks: 20 Cases Filed, ₹39 Lakh Seized

Rapid Summary

• Ernakulam Range police conducted a drive targeting illegal moneylenders, registering 20 cases on Tuesday.
• Around ₹39 lakh allegedly acquired thru exorbitant interest rates was seized during the operation called “Operation Shylock.”
• Confiscated items included 26 vehicles (7 cars and 13 motorbikes), 62 stamp papers, eight promissory notes, 86 vehicle registration certificates, and 17 property documents.
• Raids were carried out at 298 locations by nearly 2,000 police personnel from morning to late night.
• Seven cases were registered in Kottayam district, five in Idukki district, four in Alappuzha district, and four within Ernakulam Rural limits (Aluva, Nedumbassery, paravur, Kuruppampady).

Indian Opinion Analysis
The large-scale crackdown on illegal moneylenders through “Operation Shylock” highlights the government’s effort to address predatory lending practices that exploit vulnerable borrowers. With meaningful coordination-298 raids involving around 2,000 personnel-and considerable seizures of cash and documents linked to lending operations across multiple districts in Kerala like Kottayam and Idukki-it underscores both the scale of these activities and law enforcement’s capacity for action when such practices surface prominently. Efforts like this may serve as a deterrence against such exploitation while protecting individuals from financial injustices caused by unregulated high-interest loans.

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