Gujarat Takes Bold Step Against Usury: Properties Seized for the First Time

In a significant move against usury in Gujarat, the police have seized properties owned by loan sharks for the first time in Indian history. This action reflects the government’s commitment to protecting innocent citizens from exploitation. The state’s Chief Minister, Bhupendra Patel, and Home Minister, Harsh Sanghvi, have praised the efforts of the police, especially the team led by Sagar Bagmar, the SP of Kutch East. The crackdown on illegal money lending in Anjar city is a historic step. The Gujarat police, guided by high-ranking officials, followed the Gujarat Control of Terrorism and Organized Crime (GCTOC) Act to take strict action against the accused. The seized properties include four houses, two plots, and a Scorpio car, valued at approximately ₹63.46 lakh. This action aims to deter loan sharks from continuing their illegal practices. The main accused in this case are three siblings: Riyaben, Aartiben, and Tejas Ishwargir Gauswami, who allegedly formed an organized crime syndicate to profit from illegal money lending. Their assets were seized, including properties under their names. The police investigation revealed a history of serious crimes linked to these individuals. They faced multiple charges under the Indian Penal Code, the Gujarat Money Lending Act, and the GCTOC Act. This move has brought significant attention to the issue of usury in Gujarat. Local officials are now more vigilant and have been instructed to take strict action against loan sharks across the state. This operation is a testament to the Gujarat police’s zero-tolerance policy towards organized crime and a step towards ensuring financial safety for citizens. The police will continue to monitor and crack down on illegal money lending activities to protect the public from harassment by loan sharks. The state government is committed to maintaining law and order and ensuring that such activities do not go unpunished. This landmark action is expected to set a precedent for other states to follow suit in combating usury and protecting vulnerable citizens. With continued efforts from law enforcement, there is hope that such illegal practices will diminish over time, leading to a safer and more secure environment for all.