Raids conducted on finance company in AP

Vijayawada, Mar 10 (UNI) Police and revenue officials raided branches of a finance company midnight last night, following a complaint lodged by women's self-help group (SHG).

Police sources told UNI here today, the women alleged the company was charging exorbitant interest on loans given to them.

They said criminal action would be initiated if the company was found collecting huge interest.

Records of the company were seized and some of the branches sealed by the revenue officials.

UNI CS MSJ SP1035