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.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TALLY SOLUTIONS PVT. LTD.
BEETEL TELETECH LTD.
TECHROUTES NETWORK PRIVATE LIMITED
ADITYA INFOTECH LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
Icons Of India : B.V.R. Subrahmanyam
A 1987 batch (Chhattisgarh cadre) Indian Administrative Service Office...
Icons Of India : NATARAJAN CHANDRASEKARAN
Natarajan Chandrasekaran (Chandra) is the Chairman of Tata Sons, the h...
PARTNER SPEAKERS
PSU
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
