Sunday, August 5, 2012

Pay Debt With Your Life

Irzen Octa, an Indonesian businessman, died in a Citibank office under mysterious circumstances last March, while debt collectors were questioning him about money he owed on a Citibank credit card. Now, two of the three collectors convicted in Octa's death are reportedly on the run from the law.

Octa, who owed Citibank more than $11,000 at the time of his death, met with third-party collectors on March 28, 2011, in an attempt to negotiate a settlement. He was found dead in the Citibank office that afternoon. Following Octa's death, there were conflicting reports as to the cause. Medical professionals have disagreed on whether hypertension played a role in Octa's death, and whether he was physically assaulted before he died. Post-mortem reports from various doctors have given his cause of death as asphyxiation, brain hemorrhage and "blunt violence,"

The debt collection industry in Indonesia is not strictly regulated, and it's common practice for banks based elsewhere to hire local companies to do their collections work in the country. In the past, Citi customers in India have alleged that debt collectors working on behalf of the bank threatened to kill them or remove their organs if they did not pay.

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