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Call money not new to city:

About six months ago, Shalini (name changed), an intermediate student, was rescued by the City Task Force (CTF) from a brothel house that was being run in an apartment complex at a posh locality in the city. On questioning, the 18-year-old confessed that she was an orphan from Tanuku and was living with a maternal aunt. And it was the aunt who pushed her into the trade to keep away the daily financers. “It was an exchange offer to stop the daily financers from harassing her, and this was just one of the few such cases that we busted,” said the CTF ACP I. Chittibabu.
Daily financiers, seeking sexual favour in exchange of waiver of interest or principal money or forcing them to commit such acts, is an old concept.
Daily financing
The system of daily financing or meter financing as called in Visakhapatnam or call money in Vijayawada is an old idea, which was first started by the Pathans from Peshawar of Pakistan or from Kabul in Afghanistan, who were then colloquially called as the Kabuliwallahs.
Later, the idea was taken up by various communities in different districts in Andhra Pradesh.
Till today, 90 per cent of the daily or meter financiers in Visakhapatnam district are from Anakapalle or Anarparthi region. Most of them take the local DMU and reach Visakhapatnam city in the morning and after collection leave by the evening train. A majority of them have offices in Allipuram or Dabagardens area, according to Mr. Chittibabu.
The daily financiers target the vendors on the road, small time businessmen and shop owners, farmers at rythu bazaars, fisherfolk and auto-rickshaw and taxi drivers. They make the people, seeking finance, sign on blank promissory notes or blank cheques and keep them as security, said a senior police officer.
Inflating of amount
In the event of default, the financiers inflate the loan amount taken by three to four times on the blank promissory notes and then the blackmail starts, said Fifth Town Inspector Raghuveer Vishnu.
The financiers charge abnormal interest rate of Rs. 10 per every Rs. 100. If some someone takes a loan of Rs. 1,000 in the morning, he is paid Rs. 900 by deducting the interest part, but in the evening he has to pay back Rs. 1,000, explained Mr. Chittibabu.
According to a senior officer, many of the big-time realtors in Visakhapatnam or Vijaywada were once daily or call money financiers.

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