Warangal: A rickshaw driver, who could not pay off a loan taken out to buy his vehicle due to low income given the sharp rise in fuel prices, set his vehicle on fire at the Kaloji center in Hanamkonda Saturday.
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Srinivas, a resident of Gundlasingaram village on the outskirts of Warangal town, took out a loan from a private finance company to buy the vehicle in order to make a living.
In the meantime, he allegedly failed to pay the deposit, which led to pressure from the company’s loan collectors. Disturbed by this, Srinivas set the autorickshaw on fire on the town’s main road.
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However, firefighters extinguished the fire after some time. Passers-by said he was intoxicated when the incident occurred. He is said to have told passers-by that he was resorting to this act as he was unable to pay the deposit due to the foreclosure and subsequent conditions including the high price of diesel.
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