Nandyal student ends his life in alleged harassment of loan application

Due to a delay in reimbursing the money, the loan application officers started harassing him with calls and messages.

Via the Newsmeter network Published on September 17, 2022 13:27 GMT


Nandyal student ends his life in alleged harassment of loan application

Nandyal: Two weeks after a couple died by suicide in Rajahmundry in East Godavari district after being harassed by loan application officers, another suspected suicide, allegedly linked to loan applications, has been reported in the Nandyal district of Andhra Pradesh. The victim, Virendra, resided at Balaji complex in Nandyal and was a second year BTech student at an engineering college in Bengaluru. His father owns an electrical store and has three children; Virendra was the youngest son.

According to I-Town SI Subbarami Reddy, “This is a suspected case of loan application harassment, but we haven’t confirmed it yet. We haven’t checked his cell phone yet. The boy allegedly also failed two subjects.”

According to sources, Virendra recently took out a loan from a lending app. Due to a delay in reimbursing the money, the loan application officers started harassing him with calls and messages. They also called his family and friends, asking them to repay the loan. Loan application officers transformed a photo of Virendra with the message “This guy took a loan and is not paying it back. His file will be sent to the police. I am giving your number as a reference, so you must pay the ready.” Agents sent this message to Virendra’s friends.

Virendra’s father filed a complaint following the death of his son. I-Town police have registered a case and opened an investigation.

7 arrested for loan application fraud

After Chief Minister YS Jagan Mohan Reddy told authorities to take serious action against loan application officers, police in the southern area of ​​Rajamahendravaram arrested seven people in connection with the Rajahmundry couple’s suicide. According to East Godavari Police, the couple took loans from around seven loan apps and were harassed by officers from two loan apps, Hundi Loan and Speed ​​Loan. Four days ago, the police discovered that the accused had made bank transactions of Rs. 1 crore and changed bank accounts frequently.

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