Loan collectors call on PA Agriculture Minister Kakani for loan repayment, arrested – Reuters

By Express press service

NELLORE: Four loan collectors from a Chennai-based company have been arrested for allegedly threatening Agriculture Minister Kakani Govardhan Reddy’s personal assistant, Cherukuri Sankaraiah, demanding repayment of a loan that a resident de Nellore had contracted via a mobile application.

According to Superintendent of Police Ch Vijaya Rao, P Ashok Kumar of Nellore town had been granted a loan of Rs 8.50 lakh. After failing to clear the debt, the loan collection agency phoned people on its contact list. Loan offer applications require access to the applicant’s contacts. In the event of default, debt collectors contact alternate and other contacts in the lender’s contact list to collect the debt. In Ashok’s case, debt collectors phoned the Minister of Agriculture, as he was the alternate contact on his loan application.

When the minister’s personal assistant, Sankaraiah, attended the call, he was asked to pay Rs 25,000. The officers continued to call and harass him to pay the loan. Annoyed, Sankaraiah filed a complaint with the Muthukuru police. “A police team from Krishnapatnam circle arrested the loan collectors in Chennai and seized laptops, four mobile phones and 10,000 rupees in their possession,” the SP said.

The defendants were identified as Pesala Penchala Rao (38) from Nellore town, Mamdipudi Guru Prasad Reddy (36) from Tirupati district and Madhuri Vasu (25) team leader from Collman Services and Sivanasan Mahendran ( 42), both from Chennai. complaint, Muthukur Police registered a case under IPC sections 386 (extortion), 507 (criminal intimidation) read with 109 (punishment for complicity) and section 66 of the Information Technology Act 2000 information.

Minister Kakani said he received at least 79 calls from different numbers over a brief period. “Usually I attend every call received. I was busy with official programs, so my personal assistant answered the calls. The loan collectors informed him that Ashok had given my number as an alternate contact. So, they asked us to pay the loan installment of Rs 25,000. On the instruction of the police, Sankaraiah paid the company Rs 25,000. Meanwhile, the police personnel set a trap to arrest the gang and discovered that the Chennai-based company was operating with 300 callers,” he explained.

Several MPs in the combined Nellore District also complained of harassment by loan collectors, he added. “I was surprised when the police told me that 10 senior lawyers from Chennai had arrived to arrange bail for the defendant,” Kakani said, adding that he had ordered senior law enforcement officials to police to take strict action against recovery agents.

Additionally, the SP called on the public to notify local police if they face such harassment from loan collectors. Tough action would be taken against these people, he said. Meanwhile, a woman from a loan collection agency called former minister P Anil Kumar to pay a loan due because one of his ‘friends’ had failed to clear the debt. The audio clip of the conversation has gone viral on social media. He warned the agent not to call him again.

NELLORE: Four loan collectors from a Chennai-based company have been arrested for allegedly threatening Agriculture Minister Kakani Govardhan Reddy’s personal assistant, Cherukuri Sankaraiah, demanding repayment of a loan that a resident de Nellore had contracted via a mobile application. According to Superintendent of Police Ch Vijaya Rao, P Ashok Kumar of Nellore town had been granted a loan of Rs 8.50 lakh. After failing to clear the debt, the loan collection agency phoned people on its contact list. Loan offer applications require access to the applicant’s contacts. In the event of default, debt collectors contact alternate and other contacts in the lender’s contact list to collect the debt. In Ashok’s case, debt collectors phoned the Minister of Agriculture, as he was the alternate contact on his loan application. When the minister’s personal assistant, Sankaraiah, attended the call, he was asked to pay Rs 25,000. The officers continued to call and harass him to pay the loan. Annoyed, Sankaraiah filed a complaint with the Muthukuru police. “A police team from Krishnapatnam circle arrested the loan collectors in Chennai and seized laptops, four mobile phones and 10,000 rupees in their possession,” the SP said. The defendants were identified as Pesala Penchala Rao (38) from Nellore town, Mamdipudi Guru Prasad Reddy (36) from Tirupati district and Madhuri Vasu (25) team leader from Collman Services and Sivanasan Mahendran ( 42), both from Chennai. complaint, Muthukur Police registered a case under IPC Sections 386 (Extortion), 507 (Criminal Intimidation) read with 109 (Punishment of Complicity) and Section 66 of the Computers Act 2000. Minister Kakani said have received at least 79 calls from different numbers over a short period of time. “Usually I attend every call received. I was busy with official programs, so my personal assistant answered the calls. The loan collectors informed him that Ashok had given my number as an alternate contact. So, they asked us to pay the loan installment of Rs 25,000. On the instruction of the police, Sankaraiah paid the company Rs 25,000. Meanwhile, the police personnel set a trap to arrest the gang and found that the Chennai-based company was operating with 300 callers,” he said.Several MPs in the combined district of Nellore also complained of harassment by loan collectors, he added. “I was surprised when the police told me that 10 senior lawyers from Chennai had arrived to arrange bail for the defendant,” Kakani said, adding that he had ordered senior law enforcement officials to police to take strict measures against re recovery agents. Additionally, the SP called on the public to notify local police if they face such harassment from loan collectors. Tough action would be taken against these people, he said. Meanwhile, a woman from a loan collection agency called former minister P Anil Kumar to pay a loan due because one of his ‘friends’ had failed to clear the debt. The audio clip of the conversation has gone viral on social media. He warned the agent not to call him again.

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