Bank refuses to sanction loan, man brandishes air gun, attacks manager, tout

Updated: 06 December, 2019 21:50 IST | mid-day online correspondent | Coimbatore

The man also assaulted the tout and the bank manager, employees reported the incident to police

This picture has been used for representational purposes.
This picture has been used for representational purposes.

Coimbatore: A man was arrested in Coimbatore’s Somayampalayam town after he brandished an air gun and assaulted the chief manager of a bank after he refused to sanction the loan he had applied for.

A report in The Times of India said that the attacker, identified by the police as K Vetrivelan owns a moulding unit in the town. According to the police, he had applied for a loan for Rs 25 lakh from a bank a few years ago, by pledging some property. But he could not repay the amount after he suffered huge losses. Then a few months ago he decided to repay the loan by pledging some more property.

A few days later, he was approached by a tout, Gunabalan from Tatabad who introduced to the chief branch manager of another bank, Chandrasekhar. Vetrivalan then applied for a loan of Rs 1 crore from that bank. When his loan was not sanctioned for nine months, Chandrasekhar told Vetrivalan that the senior officials in Chennai refused to process his application. Vetrivalan then asked Gunabalan to meet him at the bank’s branch the next day.

The following day, when Chandrasekhar was talking to the tout, Vetrivalan came and physically assaulted the duo and brandished his air gun, said police. The employees of the bank tried to intervene and also reported the nearby police station about the incident.

An officer said that Vetrivalan told them that he was planning to kill himself if the loan did not get approved and then he decided to teach the tout and Chandrasekhar a lesson. He was arrested and booked under IPC sections 352 (punishment for assault), 420 (cheating), 452 (trespassing) and 506 (criminal intimidation).  He has lodged in Coimbatore central jail under judicial custody.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

First Published: 05 December, 2019 17:01 IST

Sign up for all the latest news, top galleries and trending videos from

loading image
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK