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Summaries and Short Reviews

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Shvoong Home>Internet & Technology>News>WWW.IBNLIVE.COM Summary

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WWW.IBNLIVE.COM

Website Review by: tjain    


New Delhi: Lucky is a  38-year-old recovery agent who has just started a detective agency of his own,
but that''s
only a front for his real job. Big private banks hire him to make sure their
loans are returned on time. He threatens people,  even using third degree methods. These recovery agents are not on any bank''s rolls but stand to get a hefty cut of booty they help recover. “Not just lathis, some agents even pull out their mousers, they stop cars on gunpoint, drag the owners and drive away with the car,” Lucky says.Sixty-year-old
Surinder Kumar from West Delhi
fell victim to recovery sharks when one of his employees defaulted on
his credit card payment to HDFC bank. They abused, used filthy language even threateneed that the  kid would be kidnapped.  This
corporate tactic has also turned deadly with a spate of suicides.  Gandhi may be stamped on the currency banks lend, but there''s nothing Gandhian about the way they go about recovering it.
Published: October 03, 2007
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