Coimbatore: Denied loan, man pulls gun on banker

Source : Times of India

COIMBATORE: The city police on Tuesday arrested a Somayampalayam-based businessman for brandishing an air gun and attacking the chief manager of the Canara Bank’s Sungam branch after he allegedly refused to sanction a loan.
Police identified him as K Vetrivelan, 44, who runs a moulding unit at Somayampalayam. “He had obtained a loan of Rs 25 lakh from Andhra Bank a few years ago after pledging some property. But he could not repay the amount after suffering a huge loss. A few months ago, he decided to expand the business and repay the old loan by pledging some more property,” a police officer said.

Gunabalan of Tatabad, a tout, approached Vetrivelan promising to arrange a Rs 1 crore loan for a commission. The tout introduced him to Canara Bank chief manager Chandrasekar. Vetrivelan applied for the Rs 1 crore loan in March.

But even after nine months, the loan was not sanctioned. “A few days ago, Chandrasekar informed Vetrivelan that he could not sanction the loan as senior officials in Chennai refused to process it. Vetrivelan asked Gunabalan to meet him at the bank branch on Tuesday. The tout reached the bank and was chatting with Chandrasekar when an angry Vetrivelan barged in around 11.20am. He thrashed the duo for refusing to sanction the loan. He also flashed an air gun at the men,” the officer told TOI.

Bank employees who tried to intervene, informed the Race Course (law&order) police. A police team arrested Vetrivelan and seized the air gun and pellets from him.

“Vetrivelan told us that he was planning to commit suicide after the loan application was rejected. Later, he decided to teach a lesson to the bank manager and the tout,” the officer added.

Police booked Vetrivelan under sections 352, 452, 420 and 506 (ii) of the Indian Penal Code and arrested him. He was remanded in judicial custody and lodged in the Coimbatore Central Prison.

Read More

Posted in Blog.

Leave a Reply

Your email address will not be published. Required fields are marked *