@addisstandardeng · Post #21223 · 28.01.2026 г., 12:10
News: Over Birr 2.2 million seized in #Shire as authorities warn against illegal lending amid cash shortages Authorities in Shire Endaselassie city in the Northwestern Zone of #Tigray have seized more than Birr 2.2 million allegedly used for illegal money lending, amid warnings that usury is increasingly exploiting communities affected by persistent cash shortages. In a press statement issued on 27 January 2026, Deputy Inspector Gebre-Anenya Teklay, representing the Shire Endaselassie city police commander, said an individual was apprehended on 25 January in Kebele 04 after being caught in the act of distributing cash while charging interest rates of between three and five percent. The suspect was taken into custody along with the seized cash, he said. Deputy Inspector Gebre-Anenya described usury as a criminal offense under the law and a practice condemned by religious and cultural.... https://www.facebook.com/AddisstandardEng/posts/pfbid02A5LPW2jGC4PugMchMnHxqydpS4jq3qgXECZFWnKqUoK3hgrzwgWMFMuHWgQ9tTe4l