Father-of-two under a debt trap commits suicide after being blackmailed by digital loan company

A father-of-two Muhammad Masood in Rawalpindi committed suicide after being blackmailed by an online loan company. A 42-year-old man namely Muhammad Masood had acquired Rs22,000 – a resident of Rawalpindi’s Chakra area – from an online loan company. The people running the online loan company started blackmailing Masood. After being fed up, Muhammad Masood committed suicide and recorded an audio clip before claiming his own life.

READ ALSO: Pakistan receives another $2 billion from Saudi Arabia, further strengthening country’s forex reserves

A case was lodged at the Race Course station by the deceased man’s brother. He stated in the First Information Report (FIR) that the people running the online loan company was blackmailing Masood by threatening women of his family and data leak.

The family revealed that Masood had acquired a small loan from an online company which he failed to return in the given timeframe. The online loan company kept increasing the  interest rate each month and later they demanded millions in return.

Source: ARY News