The Hindu : Andhra Pradesh / Hyderabad News : Another alleged defaulter roughed up

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Wednesday, Jun 27, 2007
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Andhra Pradesh

Andhra Pradesh - Hyderabad

Another alleged defaulter roughed up

Staff Reporter

His brother borrowed Rs. 45,000 from SBI last year

HYDERABAD: Notwithstanding ‘tough measures’ initiated by the police to check forcible recovery of loans by agents of banks, agents of a City Finance company allegedly assaulted a defaulter in the twin cities on Tuesday. The police said two recovery agents of City Finance Office assaulted one Ramakrishna Reddy following an argument over his failure to repay a loan availed of by his brother at Gandhinagar. Mr. Reddy sustained minor bruises in the attack. The police said his elder brother had taken a personal loan of Rs. 45,000 from the company a year ago. He had defaulted payment from March. Since then, the recovery agents had been trying to meet him at his house in Jayanagar colony of Boiguda.

A case of assault and trespass was registered and a manhunt launched.

Mistaken identity

In another instance, two recovery agents of SBI’s credit card wing allegedly harassed a one G. Srinivasa Rao of S.R. Nagar mistaking him for a defaulter here on Monday. A criminal case was registered against the two agents. Mr. Rao alleged that the agents came to his house and accused him of defaulting Rs. 2.5 lakh on a credit card. “They refused to listen to my version that I am not the same Srinivasa Rao in whose name the card was issued and threatened me to of action,” Mr. Rao charged.

The recovery agents admitted to the police that they had mistaken Mr. Rao for the defaulter but denied of intimidating him.

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