HomeNewsBusinessKarnataka: Engineering student dies by suicide in Bengaluru alleging harassment by loan apps

Karnataka: Engineering student dies by suicide in Bengaluru alleging harassment by loan apps

In its election manifesto, the Karnataka Congress had pledged to formulate a policy to strictly regulate online loan apps within 100 days.

July 12, 2023 / 20:34 IST
Story continues below Advertisement
tejas
Tejas Nair had borrowed around Rs 30,000, and with interest and late fee charges, the total amount to be repaid was around Rs 46,000.

A 22-year-old engineering student from Jalahalli in Bengaluru died by suicide alleging harassment by private money lending apps.

The victim, identified as Tejas Nair, was a mechanical engineering student at a college in Yelahanka.

Story continues below Advertisement

According to sources, Tejas had taken loans from various lending platforms, including one for his friend Mahesh. However, Mahesh failed to repay it, resulting in recovery agents subjecting Tejas to harassment. Unable to cope with the constant harassment, Tejas allegedly committed suicide on Tuesday evening.

The family of the deceased lodged a complaint with the Jalahalli police station, alleging that money-lending apps were responsible for their son's untimely demise. Tejas' father, Gopinath Nair, said that his son had borrowed around Rs 30,000, and with interest and late fee charges, the total amount to be repaid was around Rs 46,000.