Wednesday, November 24, 2010

Debt-ridden man's daughter rescued from Money lender

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A teenaged girl, handed over to a money lender by her father who failed to repay a loan of Rs.15,000, was rescued by police from Ghaziabad Sunday, an official said.

Sub-divisional magistrate Pushpa Devrar said: 'Police have informed me that the girl has been rescued today (Sunday) evening. The police are looking into other aspects of the case such as her age and the other claims made by the money lender.' Read More................Debt-ridden man's daughter rescued from money lender

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Thursday, June 12, 2008

Unable to Pay Loan, Man Mortgages Wife

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Behrampore - West Bengal: You could call it Bengal’s heart of darkness. Unable to repay a loan he had taken for his wedding, a Murshidabad man ‘mortgaged’ his wife and vanished. For two years, the woman was allegedly raped and kept confined in the moneylender’s house.

When she went to police, they allegedly did nothing. Every time she sought help, they ignored her, she says.

The shocking incident took place at Jhikra village in Murshidabad’s Bharatpur area. When the woman married tailor Toton Sheikh five years ago, he borrowed some money from Rahamani Sheikh, a rich businessman from neighbouring Surpara village. The couple was finding it difficult to pay back the Rs 5,000 (at a hefty interest) when they had to borrow money again for their son’s birth. Read more.............................Unable to pay loan, man mortgages wife

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Friday, June 30, 2006

Banks Run By Force

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Though India is known to outside for its Software Professionals, Its brainy People , One of the Fastest growing Economies in the World rising at 8% plus per annum rate, there is another side of India which many shall find Weird & shall be interesting to the people around the world. One of the interesting fact in one of its State is "Bank run By Masculine Force", Yes Bank run By Force.

These type of banks are run by Local Moneylenders of that area & though illegal as per Government Rule Book, are very much prevalent in many of small towns & villages of Bihar State of India. If you want Loan from these Banks, then you don't need even a Guarantor etc. to take a loan from these banks. You just have to move into the Bank, Show your Face , tell your requirement of money & immediately Cashier of the Bank shall give you Money. How simple & how easy.

But from there on, You have fallen into Death Trap. Interest rate charged by these Banks are highest in the world. Afterwards these Bank's people shall take care of you. If you don't pay that Interest per month, then Banks have their own Masculine Force to handle you which in local Language are called Gun wielding Masculine people. These type of people are people having unlicensed Guns & they apply all sort of Masculine Force Tactics by which they reclaim their Interest & Principal. Most of the people repay the Loan interest & Principal in time & others who do not pay in time are threatened , harassed & even beaten . Many time they take their property by force & all this is done with the Gun force wielding people of these moneylenders. Even after this if the person don't repay them their child can be kidnapped or you can be killed also. So this is called "Bank run By Masculine Force" of these Moneylenders.

Though these Banks / Moneylenders are illegal as per local laws but their Business flourishes like anything. Their Area manager moves in the Area with a Group of Masculine people each carrying illegal Guns without license & they go around their area in that manner, reclaiming money of the Moneylender.

So Wanna thinking of taking a Loan from these banks..............


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