Residents of Kangeyampalayam near Singanallur petitioned District collector TN Hariharn to take action against a private finance company who have engaged muscle men to collect installment dues from them.
According the 18 residents they have taken a loan from private finance company Janalakshi Financial services limited to start small business. In the mean while the proprietor of the company had passed away recently and the money collecting agents did not turn up for the past couple of months.
But suddenly they have started threatening us with dire consequences and engaged muscle men to collect money. “We are committed to pay back the loan taken but the financial company should not threaten us with muscle men and demand that all the money be paid back immediately” the petitioners said.
According the 18 residents they have taken a loan from private finance company Janalakshi Financial services limited to start small business. In the mean while the proprietor of the company had passed away recently and the money collecting agents did not turn up for the past couple of months.
But suddenly they have started threatening us with dire consequences and engaged muscle men to collect money. “We are committed to pay back the loan taken but the financial company should not threaten us with muscle men and demand that all the money be paid back immediately” the petitioners said.