Another teenager has been subjected to harassment by online loan apps. The suicide incident of a youth in the Kulsumpura PS area of the city came to light recently. According to police, Rajkumar, a resident of Jiaguda, committed suicide by hanging himself on a fan while no one was at home on Monday morning.
Rajkumar borrowed Rs 12,000 through an online loan app. He paid 4,000 rupees as EMI. He is struggling financially and has skipped a couple of payments. The loan outstanding has been increasing multiple folds due to abnormal interests. Rajkumar gave the phone numbers of his friends under loan reference at the time of taking the loan.
The loan managers sent messages to the young man's friends saying that the rest of the order had not been paid. They even threatened to come to his home and create a ruckus before neighbors. Offended by this, Rajkumar committed suicide. Kulsumpura police are investigating the case, which was registered following a complaint lodged by the young man's mother.