HYDERABAD: Twenty days after the death of Chandramohan, a resident of Petbasheerabad, allegedly due to harassment by instant loan app representatives, one person from Gurugram and two persons from Karnataka were arrested by Cyberabad police on Friday.
They were involved in operating companies that are into the recovery of
loans from people who used instant financing apps.
On January 2, Chandramohan, a employee in a godown, hanged himself. Based on a complaint given by his family members, Cyberabad police, during the investigation, arrested Hemanth Kumar Jha, who is the director of a company located in Gurugram; V Manjunath, an human resources manager in a company located in Koramangala in Bengaluru; and Abdul Lauk a team leader in a private company at JP Nagar also in Bengaluru.
Police said Michael, a Chinese national, had developed the apps and shared it with three companies with which the arrested accused are associated.
Police said that they are also probing the role of Kalsang Tenzing, a Bhutan national, who lives in India, and is the director of a company associated with the disbursement of loans through the apps.
“Chandramohan took a loan of ?70,000, and following pressure from app representatives, he repaid ?2 lakh. Despite that, he was being treated as a defaulter and being defamed by app representatives. Unable to take the pressure anymore, he killed himself,” PV Padmaja , deputy commissioner of police (Balanagar), said during the press meet. Chandramohan had taken loans from 11 different apps.
The Balanagar DCP said that the police had found that these apps have tied-up with non-banking financing companies.