Times of India: Deathsquads ‘target’ manila moneylenders

September 3, 2006 at 2:47 pm 2 comments

India’s top newspaper is reporting that assassin like death squads have been killing moneylenders in a spree of violence that may fed by bad economic times fueling crime or what is suggested that a ‘group’ is marking Indian moneylenders for liquidation in the capital of manila. “The number of Punjabis killed in the Philippines has risen to nearly a dozen this year.” is the claim of the newspaper which is one of the largest in the subcontinent.

[] “… Two more Punjabis killed in Philippines

Times of India, India – JALANDHAR: Two more Punjabis, both in money-lending businesses, have been killed in the Philippines. …” []

If this is a ‘death squad’ related activity this marks the first report of foreign nationals targeted in the wave of killings of activists, journalists, and, government workers and soldiers gunned down in assassination style ‘liquidations that may bear the hallmark of a larger scale effort to target groups of people across a wide spectrum of Philippine society.

But what is strange is the targets, The mostly Punjabi money lenders – provide a major level of street credit to people who for the most part would never be able to get loans from banks or formal lending institutions.

It also marks the first foreign group aside from a pair of Americans killed in Cebu in assassin styled killings to be among those ‘hit’.

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2 Comments Add your own

  • 1. Hiren  |  September 3, 2006 at 3:01 pm

    Innocent killing can never be justified but one is reminded of what is said in the book “Rich Dad, poor dad” which also has to do with money- Extreme disparities in income leads to collapse of civilizations.

    Reply
  • 2. The Unlawyer » A Disturbing Trend  |  September 5, 2006 at 9:59 pm

    […] Mike in Manila links to a Times of India article that notes with alarm the rising number of Indians – almost a dozen Punjabis by its count – killed in the Philippines: “JALANDHAR: Two more Punjabis, both in money-lending businesses, have been killed in the Philippines. While one of the victims belonged to Kapurthala district, the second was from Hoshiarpur.” […]

    Reply

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