C. Mohan, a hair-dresser who drew Prime Minister Narendra Modi’s attention for his social activities during the COVID-19 lockdown, has been booked for charging an exorbitant interest rate.
The police said that after the Anna Nagar police in the city booked him for criminal intimidation and under the Tamil Nadu Prohibition of Charging Exorbitant Interest Act, he had gone absconding.
According to the complainant M. Gengairajan, 50, of Anbu Nagar, he had borrowed ₹30,000 from Mohan in December 2016 and paid ₹48,000 in interest — ₹3,000 a week for four months. However, due to his poor economic condition, he could not make further payments.
In May 2017, he borrowed ₹15,000 from his brother-in-law and paid the sum to Mohan. He also handed over a cheque for ₹25,000. Thereafter, Mohan said his loan had been settled. When Mr. Gengairajan asked him to return the promissory note,…