Debt causes Death
Businessman had unpaid fines and bank case; Suffocated child in despair, then he and wife hung themselves –
Based in RAK – UAE Anil & Sareeja from India with an 8 year old child Anishree, took the most unfortunate step out of stress & financial suffocation.
The Businessman Anil was in transport business with trucks leased from banks. As the Platinum period of UAE come to an end in 2007 businesses related to construction & logistics movement came to an snails pace. 1st forcing the small entrepreneurs out of league then the mediocres and come halt to the Fleet owners.
Story of Anil is from the 1st category of an struggling hardworking entrepreneur who at the crux of his decision was driving truck 24/7 by himself to keep ends intact.
The Financial Vultures hawking the debt ridden Anil ensured that he does not miss what according to LAW is a mandatory obligation – Installment payment.
Anil is not the only one, the newspapers across UAE have reported multiple sucide cases in past 24 months. All related to debt ridden individuals.
The Govt of UAE Central Bank shall step-in between the Dead Business debtors & banks, to devise a re-payment plan. Freezing of Debt amount shall be done once the agreement is made between the banks & the debtor.
Saving human lives is most important then hawking a person to commit a sucide.