Police arrests four persons for death of ICICI Bank defaulter

Arrested include three partners of Elite Financial Services

After a couple of days after the death of ICICI Bank defaulter Yadaiah in the custody of Elite Financial Services, a firm whose debt recovery services are used by the bank, the Panjagutta Police arrested four persons including three partners of the Elite Financial Services on the charge of kidnapping, wrongful confinement and culpable homicide not amounting to murder. The State Human Rights Commission (APSHRC) Chairman B Subhashan Reddy sought a report from the Assistant Commissioner of Police (ACP) of Panjagutta by June 29, 2007.

The Panjagutta Inspector said that the postmortem report is awaited as the doctors are yet to come to a conclusion about the exact cause of death. The Credit Card Holders Association of India office at Musheerabad witnessed hectic activity as scores of media persons descended on the office to interview some of the alleged victims of various banks using the service of dubious outfits to recover debts.

A scientist working with Indian Institute of Chemical Technology who had taken a credit card from the HDFC Bank sometime ago, alleged that even though he paid Rs. 40,000 of the total credit limit of his card Rs. 50,000, he was kidnapped and thrashed by some goons hired by the Bank officials, he said.

 Join Discussions on AndhraNews.com

Police arrests four persons for death of ICICI Bank defaulter
Arrested include three partners of Elite Financial Services

Integrated Land Information System to cover five more districts
Chief Minister directs officials to commence work

Orders for repatriation in line with GO 610 on June 28
Employees to be transferred without fail

Andhra Pradesh Government hikes flood relief amount
13,352 houses reported to be damaged during recent floods

TTD keen on starting schools in the state
Voluntary organizations to maintain kalyanandapams

VSP to contribute steel to Pulichintala Project 
To play major role in Jalayagnam

High alert sounded on Special Economic Zones 
Maoists planning to attack on 'economic blockade'

Congress party nominees elected as co-option members of GVMC 
TDP and CPI corporators stage walkout

Hotel Green Park bagged CNBC-TV 18 award 
MD of Diana Hotels received the award

Events and happenings on 25 June in History

25 June 2001
Highlights: List of TDP Candidates for upcoming elections released

25 June 2002
Highlights: CM presents NABARD Prizes to top Banks

25 June 2003
Highlights: One dies in police firing at Chevella

25 June 2004
Highlights: Film actor Balakrishna granted bail

25 June 2005

25 June 2006

25 June 2007
Highlights: Police arrests four persons for death of ICICI Bank defaulter