NEWS & ADVICE : PERSONAL LOAN
Delhi Police wants public co-operation to catch recovery goons
By Vaibhav Aggarwal
Oct 16, 2007
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New Delhi: Finally it seems like the police had decided to tighten the noose around the goons employed by the banks as recovery agents. As a measure to involve people in this process, the police has decided to launch a massive advertising campaign urging people to file complaints against such goons if they harass them in any way.

The main reason cited by the police about their helplessness in bringing these culprits to book is that they don't have any complaints against them. People who suffer at the hands of such miscreants do not lodge any complaint or FIR. This helps the errant recovery agents to go scott free.

Rajan Bhagat the spokesperson of Delhi Police, while speaking to media persons here said, "We expect bank and finance companies to work within the framework of law. People who have been victims should report the matter so that we can take necessary action against them."

Although the recovery agents have been harassing people for a long time, but few incidents in recent past have raised a lot of hue and cry over the matter. This had forced the RBI to issue strict guidelines to banks over the recruitment, behavior and disclosure about the recovery agents and their employers.

In 2005, a man committed suicide in his Sriniwaspuri home after continuous harassment by loan recovery agents. July last year, saw a 61-year-old woman being abducted and her car confiscated near the AIIMS flyover from bank's recover agents. The incident of Prakash Sarvankar, who comitted suicide after being publicly humiliated over non-payment of dues attracted a lot of media attention and ICICI bank, whose agents were involved in the recovery procedure, had to cough up Rs. 15.5 lakhs to the wife of the victim as compensation.

A senior police official commenting on the situation said, "These people know that they are defaulters, so they think they will also get into trouble if they report the matter. Advertising is a good way of reaching out to people telling them that such practices are criminal."


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