Anand Mahindra Finally Speaks On The pregnant Woman Run Over By Mahindra Finance Agent

The process of obtaining a loan from a financial institution has never been easier, but so has the process of collecting a debt.

While borrowing money from a financial institution is a contractual arrangement, it also imposes certain obligations on both parties in terms of the law. The lender is obliged to uphold the loan conditions, and the borrower is expected to pay back the debt in a timely manner.

But in recent times, almost everyone has somehow suffered from a financial crunch because of the degrading economy during the COVID-19 pandemic. Many of them are still unable to pay back the loans that they borrowed from someone.

That’s why a lot of people have already killed themselves because they are unable to pay their loans, and who knows that many people might be thinking about doing the same because many debt recovery companies have continuously harassed them verbally or physically.

While it is also worth highlighting that not all companies work like that and not all borrowers are the same, still, extracting money from borrowers by using violence in any form needs to stop as it is now getting out of hand.

Loan recovery agents run over woman in Hazaribag

One such incident was recently made public when, on September 15, a tragedy took place in Jharkhand’s Hazaribagh district. The woman, 27, got into a fight with a debt collector about overdue loan commitments. A pregnant woman died as a result of being run over by a loan collection worker.

The victim, named Monica, was a specially-abled farmer’s daughter. In accordance with the victim’s family, Mahindra Finance Company recovery representatives paid the victim’s house a visit. Then there was a disagreement between the agents and the farmer.

When the recovery authorities tried to confiscate the tractor owing to missed installments, Monica reportedly objected. After the disagreement, the farmer’s daughter, who was three months pregnant, was crushed by the tractor.

The recovery agents are one of four people being investigated for murder. The prime suspect, according to sources, identified himself as the company’s Zonal Manager.

While this news made so much noise and many people criticised the company, the company’s ultimate owner, Anand Mahindra, also reacted to the unsettling event. So let’s find out what he said:

Anand Mahindra dubbed the Hazaribagh Incident the “Terrible Tragedy”

Anand Mahindra, the chairman of Mahindra Company, is well known for being very active on social media platforms. He routinely posts uplifting and knowledgeable messages on his social media accounts.

But when the Hazaribagh tragedy happened, in which his own firm was involved, he reposted Anish Shah’s tweet, adding the phrase “terrible tragedy” in his post. Anand Mahindra wholeheartedly agreed with Anish Shah’s assertion. He kept apologising to the victim’s relatives and expressing his sadness. He wrote,

“This is a terrible tragedy. I strongly support @anishshah21’s statement. Our hearts go out to the family in this time of grief.”

This is a terrible tragedy. I strongly support @anishshah21‘s statement. Our hearts go out to the family in this time of grief. https://t.co/FxYejx59im

— anand mahindra (@anandmahindra) September 16, 2022

Anish Shah, the CEO and managing director of Mahindra Group, tweeted a statement from the firm on the incident. Anish called the situation a “human tragedy” and offered to help the police with their investigation.

Additionally, they disclosed that the farmer had missed six months’ worth of tractor instalments totaling Rs. 1.2 lakh. The debt collection agent and the management of the private lender are both accused of murder by the authorities.