Thursday, December 06, 2007

Well this is one way to make sure people pay their loans!

Yeah...well I guess...hope this one is not true, but given the high default rates we are seeing,

Loan thugs strike again, bash up 58-year-old professor- Hindustan Times:
"THE POLICE are investigating charges leveled by a professor of a reputed engineering college against a multinational bank, which allegedly sent a pack of intimidating loan recovery agents to hound him. Prof J.S. Kalra of the Delhi College of Engineering said in his complaint to police that the agents abused and beat him up outside the Indraprashta University campus in north Delhi for delaying monthly installments of a loan."
I will not say the name of the bank, but it is in the article for those interested.

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