Harassed by online money lending apps, three young people end their lives in Telangana and Andhra Pradesh


Hyderabad: Two young women and a man were tortured by online-money-lending-apps” actualkeyword=”online money lending apps”>online money lending apps in Telangana and Andhra Pradesh. Money lenders have humiliated these borrowers as defaulters by sharing their contact details and photos with all of their contacts.

A 29-year-old software engineer in Hyderabad, who lost his job due to the Covid-19 crisis, borrowed around Rs 70,000 from online applications and was unable to repay. The organizers of the app shared his contact details with all of his contacts.

According to family members, he received a new job offer from an IT company last week and was due to report for work on Monday. However, he did not attend. When HR called him to inquire, he informed them that he had decided to end his life and asked them to offer the position to another eligible person. On Wednesday he reportedly ended his life by hanging from the bedroom ceiling, leaving his wife and three-month-old child behind.

His parents recently helped him to pay off some debts by selling part of their property.

Rajendranagar police in Cyberabad recorded one case of death under suspicious circumstances. Police said the case would be amended into applicable sections after the preliminary investigation.

A 24-year-old woman from the town of Siddipet in Telangana committed suicide after the organizers of the online lending app denounced her as defaulting by sharing her contact details with a photo and an Aadhaar card. She used pesticides on December 14 and breathed her last on the third day.

She had been a village agricultural extension agent (OAS) for two years. It is said that his father suffered huge losses in business, hence the family’s need for money. She was tempted by the hassle-free quick loan offer and took Rs 3 lakh two months ago but reportedly defaulted on IMEs.

Money lenders not only badly exposed her in front of her contacts, but also sent her messages asking her to participate in a nude video chat.

Screenshot of the woman’s conversation with a person working for the loan application

An engineering degree in Visakhapatnam from Andhra Pradesh was the third victim. She worked part-time and took out a loan for her family’s needs. As she could not repay the amounts, the lenders circulated her contact information and a photo to all contacts on her phone.

There are around 40 of these apps that attract people with quick loans without documentation. They collect copies of Aadhaar and PAN cards and consent to access contacts in phones.

Rajendranagar Police Inspector Suresh said: “We advise people not to take loans from unregistered financiers. Those who are harassed by such applications can apply to local police stations for credit. ugly.”


Previous La Couture obtains funding approval, construction will begin in January
Next Florida man pleads guilty to using PPP loans to buy Lamborghini