One arrested for illegally lending money to expats on interest

Police arrested a Kuwaiti and is looking for his partner for carrying out illegal financial activities such as giving loan to others on interest, local daily reported.

According to report, the Kuwaiti was arrested in Hawalli and at the time of arrest he was carrying many documents and dud cheques signed by various people.

During interrogation, he admitted to lending money to expatriates and charged high rate of interest. As promissory note, he made the borrowers to sign dud cheques to force them to pay in time.