Bank borrower's death: four remanded to judicial custody | india | Hindustan Times
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Bank borrower's death: four remanded to judicial custody

india Updated: Jun 26, 2007 23:30 IST
Ashok Das
Ashok Das
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A local court on Tuesday remanded to judicial custody for fourteen days the four persons arrested in connection with the death of a state government employee Y Yadaiah, who was wrongfully confined and tortured by a debt recovery firm in the city four days ago.

Sundar Babu, Ramesh and Sridhar, partners of Elite Financial Services, a recovery agent of the ICICI Bank, and the firm’s executive Raju were produced before the 14th metropolitan magistrate’s court.

The accused were arrested on Monday after the City Police had registered a case under sections 342 (wrongful confinement), 365 (kidnapping) and 304 (culpable homicide not amounting to murder).

“The investigation reveals that only these four persons were involved,” Punjagutta Inspector of Police G Narasaiah told HT.

The police said that 42-year-old Yadaiah, an electrician with the State Medical and Health Department, was picked up from a bus-stop near his office at Sultan Bazar by Raju on June 22 and forcibly taken to the Elite Financial Services’ office at Ameerpet for recovery of a loan amount of Rs 15,000.