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.