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Financial fraud | Usury travels online, thrives during pandemic
Updated:
Updated:
January 03, 2021 02:28 IST
Predatory moneylending apps that sprung up during the lockdown have now come under the radar after their characteristic ‘shaming and threatening’ methods forced borrowers to file complaints and even end their lives
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REUTERS
Predatory moneylending apps that sprung up during the lockdown have now come under the radar after their characteristic ‘shaming and threatening’ methods forced borrowers to file complaints and even end their lives
Usurious moneylending, or
kandhu vatti, has always been a nightmare in Tamil Nadu. Lives have been lost due to the many variations that usury goes by in the State meter