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The man dies through suicide after “harassment” of microfinan companies in Karnataka – Print –

The man dies through suicide after “harassment” of microfinan companies in Karnataka – Print –

Haveri (Karnataka), February 3 (PTI), a 42-year-old man died as a result of suicide in this district after “harassment” by microfinan companies, the police said on Monday.

They said that the deceased, identified as Malatesh, was led by a hairdressing shop.

The incident took place on Sunday evening within the Rane Bennur police station.

He died hanging because of “harassment” of various microfinan companies, from which he borrowed money with time, they added.

The victim’s family claims that together he borrowed about 6.45 Lakh RS from four microfinan companies.

Despite the repayment of amounts in installments, he was “harassed” by these companies, which prompted him to take such an extreme step.

The case was registered on the basis of section 108 (suicide undercoat) BNS against four microfinan companies, as the police said, adding that the case is investigated.

Meanwhile, Deputy Minister Karnatak, the Chief Minister of DK Shivakumar on Monday, said that the government planned a regulation to stop the “torture” of poor by microfinan companies in the name of “recovery of a loan”.

“Our government will not allow microfinan companies to accept the law in their own hands and torture the poor with hooligans. We will give police more power to deal with it – he said.

When asked about ongoing “torture” despite government warnings, he said: “Many companies were submitted against microfinan companies in Belagav, Bidar, Mysuru and Ramanagar. The main minister and cooperation ministers have already issued severe warnings in this area. “” The regulation is ready and will be sent to the governor in a few days. We also started the helpline in every quarters of the district. The main minister also organizes meetings with higher police officers – he added. Roh

This report is automatically generated with PTI News Service. Print is not responsible for its content.