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The Hindu
The Hindu
National
Rajulapudi Srinivas

Andhra Pradesh: Loan recovery firm owners, agents among seven arrested in girl’s suicide case

Police Nandigama

The Nandigama police on Monday arrested seven persons including employees and owners of two loan recovery agencies on charges of harassing a family for not repaying a bank loan, which allegedly drove a girl to end her life.

According to police, Jasti Prabhakar reportedly took a loan of ₹6.36 lakh through two credit cards of a bank, but failed to repay the amount. Despite repeated calls by the recovery agents, Prabhakar did not cleared the dues.

On July 27, the agents of LVR and MSR firms, who have a Memorandum of Understanding (MoU) with the bank for loan recovery, allegedly went to Prabhakar’s house and harassed the family members for not repaying the loan.

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