Adilabad: Recovery agents arrested for illegally pledging motorcycle

Two recovery agency agents were arrested in Adilabad for allegedly pledging a motorcycle recovered from a loan defaulter for Rs 30,000. Police said the accused, Shaik Ubaid Ullah and Shaik Abdul Nayeem, used the money for personal expenses and luxuries

Adilabad: Two agents of a recovery agency were arrested on Saturday on charges of pledging a motorcycle recovered from a loan defaulter in Adilabad. Police said Shaik Ubaid Ullah and Shaik Abdul Nayeem, agents of Druvika Recovery Agency in the town, were taken into custody for their role in illegally pledging the two-wheeler for Rs 30,000.

During interrogation, the agents told police that they had used the money to meet their personal expenses and indulge in luxuries.

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