Financial firm officials seize vehicle, 7 reserved | News from Meerut


MUZAFFARNAGAR: Seven officials, including the branch and collection manager of a financial company, have been convicted of ‘criminal intimidation’ and ‘cheating’ after they allegedly seized a man’s vehicle for ‘an EMI fault’ in Muzaffarnagar.
Amit Jain, the plaintiff and lawyer by profession, alleged that he tried to deposit the deposit, but finance company staff did not relent and forcibly took away the vehicle they had financed. He also accused the officers of ‘demanding 10,000 rupees to get the vehicle returned’ and they ‘behaved badly’ when he failed to pay the ‘bribe’. New Mandi Police Station SHO Pankaj Panth said: “Seven people, including six named, from the Cholamandalam Investment and Finance Company were arrested under IPC Sections 420 (cheating), 504 (intentional insult) and 506 (criminal intimidation) following the court’s order on Friday, further investigation is ongoing and action will be taken.
In his complaint, Jain, who is in his early 40s, said that on February 3 his driver informed him that the vehicle had been “seized” by a recovery agent. Jain, in accordance with his complaint, told the agent that he “had received no notice from the company and was ready to pay immediately if anything was pending.”
Jain also claimed that he tried to talk to the collection and branch manager. Left with no other choice after weeks of struggling to get his vehicle back, he filed a police complaint against the company’s collection manager and six other people.
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