Saturday, 22 January 2022 06:30

Man sets bank on fire after loan application denied

Rate this item
(0 votes)

Indian police recently arrested a disgruntled charity worker accused of setting fire to a bank branch in Karnataka after being denied a loan.

33-year-old Wasim Hazaratsab Mulla, a charity worker from Haveri, approached state-run Canara Bank for a loan of 1.6 million rupees ($21,600) in December of last year. His application was eventually denied, because of discrepancies in the submitted paperwork which broke the bank’s credit policy. Wasim allegedly didn’t take the news too kindly, riding his motorcycle to the bank branch on Sunday, January 9th, breaking open a window to spray a flammable liquid inside and setting the building on fire.

Eyewitnesses saw plumes of smoke rising from the burning building and immediately raised the alarm. The angry arsonist was also detained by locals before he could make his getaway and restrained until the police arrived.

“He was angry after his loan application was rejected. He sprayed some inflammable chemical, maybe petrol but we are investigating the matter,” a police officer told The National. “He ran a non-governmental organization. He wanted money for machines and had applied for a loan of 1.6 million rupees. Fortunately, no cash or gold or other valuables were destroyed.”

Firefighters managed to successfully douse the fire, but police announced that five computers, fans, passbook printers, cash counting machines and lights worth 1.2 million rupees ($16,000) were damaged. Wasim Hazaratsab Mulla has been charged with arson and is awaiting punishment.

 

Oddity Central

May 06, 2024

Banks’ lending to private sector declines N9.65trn as CBN tightens screws on liquidity

The Central Bank of Nigeria (CBN) has revealed a substantial reduction in banks' loans to…
May 06, 2024

Atiku: Having Seyi Tinubu on the boards of companies belonging to Chagoury shows that Lagos-Calabar…

Atiku Abubakar, the People's Democratic Party (PDP) presidential candidate for 2023, has voiced strong criticism…
May 05, 2024

Here’s when people think old age begins — and why experts think it’s starting later

New research suggests that 74 is the new 71. Our perception of when “old age”…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
May 05, 2024

Gunmen abduct Archbishop, 5 other clerics in Anambra

Uka Uka Osim, a leader of the Brotherhood of the Cross and Star, along with…
May 06, 2024

Here’s the latest as Israel-Hamas war enters Day 213

Truce Talks Shift to Qatar as Hamas Hits Israel Border Crossing Israel closed the Kerem…
May 01, 2024

Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.