Tag: Police Warn Against Improper Leasing Practices of Leasing Companies
Police warn against improper leasing practices; court order mandated for repossession upon resistance
The Inspector General of Police (IGP) has issued a directive to all officers, highlighting concerns regarding the improper acquisition of vehicles and equipment through leasing companies and finance companies. The Finance Leasing Act, No. 56 of 2000 details specific steps for repossessing leased equipment, including notifying authorities and obtaining court orders when necessary. The IGP […]