Wardha. Finance companies are defrauding the general public by distributing loans by imposing high interest rates and continuous dues, during this time companies have appointed employees for recovery of loans, these employees harass the common citizens by abusing, threatening confiscation. The demand to rein in the personnel has been made by submitting a request to the Superintendent of Police under the leadership of Varun Pathak, District President of Bharatiya Janata Yuva Morcha.
High interest charged despite paying regular installment
The network of private finance companies is spread on a large scale in the district, loans are sanctioned to the general public without any documents, due to this, farmers, middle class citizens are taking loans on a large scale to remove the need of money, as well as refrigerators, washing machines, mobiles. Vehicles, two wheelers etc. are made available on installments. First, the interest is said to be low, after this additional interest is being levied even after repayment of loans regularly. It is being sent for recovery, many times these people are making mutual recovery without giving any kind of receipt.
A few months ago a person committed suicide
A few months ago, a person from Selu Tehsil committed suicide due to harassment by Bajaj Finance Company, after which a woman has committed suicide again in the city, this matter should be investigated as serious. The request has been made to register a case against the finance company, otherwise BJYM will teach a lesson to these debt recovery employees. Vishal Urade, Karan Gelani etc. were present.