Loan Apps menace: Bankers too will be taken to task, warns AP DGP

Bankers, along with others, would be made liable for extortion and abetment to suicide in instances involving death by suicide of borrowers (from loan apps), Andhra Pradesh Director General of Police K V Rajendranath Reddy has said.

Telecom service providers, PlayStore\AppStore hosts, besides the apps developers would also be taken to task, the DGP told a press conference here on Friday.

He said the AP Police have drawn up an action plan to curb the loan apps menace and also to educate gullible people against falling prey.

In the last few months six people committed suicide in the state due to harassment by the loan apps operators.