Passports as collateral

A mobile phone shop hit upon a novel idea to secure the money he loaned to foreign students

Business Standard 

A mobile phone shop owner in hit upon a novel idea to secure the money he loaned to foreign students — he kept their as collateral. This worked well till a police team raided his shop. Even the police were shocked by what they found: 175 of those 341 were well past their expiry dates. They were intrigued as to how those students went about their daily lives without their The hunt is now on to locate those students.

Passports as collateral

A mobile phone shop hit upon a novel idea to secure the money he loaned to foreign students

A mobile phone shop hit upon a novel idea to secure the money he loaned to foreign students A mobile phone shop owner in hit upon a novel idea to secure the money he loaned to foreign students — he kept their as collateral. This worked well till a police team raided his shop. Even the police were shocked by what they found: 175 of those 341 were well past their expiry dates. They were intrigued as to how those students went about their daily lives without their The hunt is now on to locate those students.
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Business Standard
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