Three Arrested for the Suicide of a Hyderabad Man in Instant Loan Enforcement Case | Photo credit: PTI
Hyderabad: Three people were arrested for the suicide of a city dweller. 20 days after the death of Chandramohan, a resident of Petbasheerabad, due to harassment by representatives of the instant loan application, the three were arrested.
These people were involved in operating companies that deal with loan collection from other people who used instant loan applications. On January 2, Chandramohan, an employee of a godown, hanged himself. Cyberabad police, during the investigation, arrested Hemanth Kumar Jha, director of a company located in Gurgaon, V. Manjunath, a human resources manager at a company located in Koramangala and Abdul Lauk, a head of team in a private company at JP Nagar in Bengaluru, based on a complaint filed by members of Chandramohan’s family.
Michael, a Chinese, had created the apps and shared them with three companies that the arrested people are associated with, police said. Chandramohan took out a loan of Rs 70,000 and after pressure from representatives of the application, he repaid Rs 2lakh.
PV Padmaja, deputy police commissioner, told the media: “Despite this, he was treated as a defaulter and defamed by the enforcement officials. Unable to take the pressure any further, he committed suicide.
Chandramohan had taken out loans from 11 different apps. Police had detected that the apps were linked to non-bank finance companies, according to Balanagar’s DCP. The 36-year-old from the city ended his life unable to endure the humiliation of non-payment of instant loans obtained through online applications.
He was the state’s fifth victim in the instant loan application in less than a month. Need money now? Check out https://www.paydaynow.net/i-need-money-now-urgently/