Autorickshaw driver cannot redeem loans and puts his car in Hanamkonda. on fire
Warangal: An auto rickshaw driver who was unable to redeem a loan he took out to buy his vehicle due to low earnings in the face of soaring fuel prices set his vehicle on fire at the Kaloji Center in Hanamkonda on Saturday.
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Srinivas, a resident of Gundlasingaram village on the outskirts of Warangal city, has taken out a loan from a private finance company to buy the vehicle to make a living.
In the meantime, he had reportedly failed to pay the installment, which resulted in pressure from the company’s loan collection agents. Concerned, Srinivas set fire to the auto rickshaw on the main street of the city.
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However, the fire brigade extinguished the fire after a while. Passers-by said he was in a drunk state at the time of the incident. Allegedly, he told passers-by that he was taking this action because he could not pay the rate because of the blockage and subsequent conditions such as the high price of diesel.
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