Telangana witnesses another suicide at hands of loan app firms
By MYBRANDBOOK
36-year-old G Chandra Mohan from Kamareddy district was found hanging at his home in Gundla Pochampally on Saturday. He was rushed to a hospital by his family, but was declared brought dead by doctors. Inspector of Petbasheerabad police station, S Ramesh, said that a case of abetment of suicide has been registered against the fraudsters. It may be mentioned here that this is the fifth such suicide in the last one month in the State, where victims were harassed by executives of instant loan app firms, demanding repayment.
Chandra Mohan’s family said that he had availed loans to the tune of Rs 80,000 through more than 10 instant loan apps. He worked at a warehouse in Gundla Pochampally. Victim availed loans from many apps to pay off the first one.
The police launched the investigation based on a complaint from Chandra Mohan’s wife. No suicide note was found at his residence. The victim, after availing loan from an instant app, began approaching more apps to pay off the first loan.
One thing led to another, and before he knew it, Chandra Mohan was neck-deep in debts. His family told the police that Mohan was depressed as he was being harassed by the executives of the instant loan app companies, demanding repayment.
According to his family, they would call him up regularly and abuse him. Earlier, similar cases were reported in Medak, Siddipet and Peddapalli districts, in addition to the case of a techie dying by suicide in Rajendranagar, Hyderabad.
The city police had earlier reported that the instant loan app companies, which have been running businesses without the requisite permissions, had made transactions worth Rs 21,000 crores, revenues from which were transferred to Chinese companies.
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