Loan app scam: engineering student found dead
1 year, 5 months ago

Loan app scam: engineering student found dead

The Hindu  

A 22-year-old student in Bengaluru allegedly ended his life at his house in HMT Layout, Jalahalli, on Tuesday evening after being harassed by a loan app company. Tejash Nayar, a 6th-semester engineering student, had reportedly borrowed ₹46,000 using a loan app. In his complaint, Gopinath P.S., father of the deceased, said Tejash had been using loan apps for the last one and a half years. The incident has put the spotlight back on the loan app scams that have been on the rise in Bengaluru.

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History of this topic

Bengaluru student dies by suicide after falling victim to cyber fraud: Report
6 months ago

Bengaluru student dies by suicide after falling victim to cyber fraud: Report

Hindustan Times  

A 20-year-old student in Bengaluru tragically ended her life in her hostel room on Sunday night, reportedly distraught over losing money in a cyber fraud, according to police officials, The Indian Express reported. The student, identified as Pavana from Kolar Gold Fields in Karnataka's Kolar district, was pursuing her first year of BSc at Maharani Cluster University. Though we cannot …

Man Ends Life Due to Harassment by Loan App Representatives
9 months, 3 weeks ago

Man Ends Life Due to Harassment by Loan App Representatives

Deccan Chronicle  

Karimnagar: Unable to bear the harassment by the representatives of a loan app, a 28-year-old married man died by suicide in Sircilla town. They said that Sairaju came to know about the loan app through Facebook and might have taken some money as a loan. With no money in his hands and not able to bear the torture of the …

Telangana: 20-year-old engineering student dies by suicide in Hyderabad
9 months, 3 weeks ago

Telangana: 20-year-old engineering student dies by suicide in Hyderabad

India TV News  

Telangana news: A 20-year-old engineering student allegedly died by suicide at his house here, even as family members today alleged that he took the extreme step due to harassment from executives of an online loan app over repayment. The deceased, who was a BTech third-year student, hanged himself from the ceiling fan on Monday when nobody else was in the …

Loan app sends student’s morphed pic to dad, college principal
1 year, 4 months ago

Loan app sends student’s morphed pic to dad, college principal

The Hindu  

A second year diploma student from a paramedical college in Mangaluru took a loan through a loan app for payment of college fees. On July 26, father of the victim, her family members and a few more of her contacts, including her college principal, received on their WhatsApp morphed images of the victim from the mobile number starting with country …

'Sorry, mom and dad': Harassed by loan agents, Bengaluru student dies by suicide
1 year, 5 months ago

'Sorry, mom and dad': Harassed by loan agents, Bengaluru student dies by suicide

India Today  

A 22-year-old engineering student died by suicide in Bengaluru on Tuesday after allegedly facing harassment from executives representing a Chinese mobile application providing loans. The agents allegedly resorted to blackmail, threatening to expose the student's intimate photographs stored on his mobile phone if he failed to repay the loan. It was alleged that agents from the mobile application visited Tejas's …

Bengaluru: Engineering student commits suicide due to harassment by Chinese loan app agents
1 year, 5 months ago

Bengaluru: Engineering student commits suicide due to harassment by Chinese loan app agents

India TV News  

Even after assurance from the Congress government in Karnataka of action against loan apps for harassment, an engineering student committed suicide allegedly for not being able to take the pressure mounted by the staff of a loan app in Bengaluru. A resident of HMT Layout near Jalahalli, Tejas had taken a loan of Rs 40,000 for his friend Mahesh a …

Harassed by loan app agents, man ends life
1 year, 10 months ago

Harassed by loan app agents, man ends life

Deccan Chronicle  

Vijayawada: A man identified as Thangellamudi Rajesh, aged 34 years and working in a private firm, died by suicide at his home at Suraiahpeta in the city on Saturday night. Executives of loan apps through which he had taken loans had been threatening and harassing him for repayment. According to Bhavanipuram police, Rajesh had taken loans of ₹2,000 and above …

Techie dies by suicide over harassment by loan app operators in Chennai
2 years, 2 months ago

Techie dies by suicide over harassment by loan app operators in Chennai

India Today  

A techie was found hanging from the ceiling of his house on Tuesday morning, October 4. MGR Nagar Police initiated an investigation and the preliminary information given by Narendran’s family stated that he had borrowed Rs 33,000 through a loan app. However, even after repaying the loan, the loan app customer service operators had been constantly calling him and allegedly …

When Lending Apps Bully Victims, Debt Trap Sometimes Becomes Deathtrap - News18
2 years, 3 months ago

When Lending Apps Bully Victims, Debt Trap Sometimes Becomes Deathtrap - News18

News 18  

Predatory lending by instant loan apps has led to a spate of suicides in several states. A few months ago, 28-year-old Rajkumar living in Hyderabad also ended his life after facing exactly the same humiliation, which is the modus operandi of Chinese loan apps. PART 5 | Govt Begins Crackdown on Chinese Loan App Companies in Bengaluru, Gurugram, Hyderabad Even …

Instant loan apps claim two lives in old Karimnagar
2 years, 5 months ago

Instant loan apps claim two lives in old Karimnagar

Deccan Chronicle  

KARIMNAGAR: Two youth died by suicide allegedly unable to bear harassment by recovery agents of instant loan app and an online gaming site here in erstwhile Karimnagar district. Recovery agents of the loan app started making calls and when Prashant did not respond to their calls, they started making calls to his parents and began harassing them. Prashant’ parents alleged …

Three Suicides Unearth Multi-crore Loan Apps Scam in Hyderabad and Gurgaon, 12 Arrested So Far
4 years ago

Three Suicides Unearth Multi-crore Loan Apps Scam in Hyderabad and Gurgaon, 12 Arrested So Far

News 18  

Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending scam that was being run on 30 mobile phone application not approved by the RBI, that charged victims up to 35 percent interest. One 32-year-old Sarath Chandra ran the money lending operation through two companies- Onion Credit Pvt Ltd and Cred Fox …

Three die due to online lenders' harassment in Telangana; probe on
4 years ago

Three die due to online lenders' harassment in Telangana; probe on

India Today  

In Telangana, at least three cases of suicide due to harassment by the employees of money lending apps have been reported in the last 1 month. The authorities are on alert after these deaths, and an investigation by a police team has found that at least 60 such loan apps are available in the Google Play Store. Most all the …

Harassment by Loan Apps Claims Lives of Govt Employee, Software Engineer in Telangana
4 years ago

Harassment by Loan Apps Claims Lives of Govt Employee, Software Engineer in Telangana

News 18  

Harassment by operators of online loan apps have claimed two lives in three days in Telangana. Two days after a woman government employee committed suicide in Siddipet, a software engineer in Hyderabad also ended his life. In both the cases, the victims felt humiliated after operators of online loan apps sent messages to their contacts for being defaulters. A woman …

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