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Frustrated over not getting a loan, a youth sets the bank on fire. 

Hubli Express News

Haveri: In the early hours of Sunday, a 33-year-old youth, enraged by the fact that he had not obtained a loan from a bank, set fire to the bank in Hedigonda village, Byadagi taluk, Haveri district.

Police gave the name of the accused as Wasim Akram Mulla, a resident of Ratti Halli in Haveri district. The police said the accused used to run an NGO but he suffered financial losses while running it and borrowed loans from many sources. To pay off those debts, he applied for a loan in many banks, but not a single bank approved his loan, the police said.

The police said that just a month ago, he applied for a loan at Canara Bank’s Hedigondi village branch and was waiting for a response from the bank, but as usual, his application was rejected by the bank. Angered over the rejection of his loan application, the accused sprayed petrol inside the branch by breaking window glass and lighting a fire with a lighter.

While escaping after lighting the fire, the accused suffered a minor injury as he jumped into a stormwater drain from the compound of the bank. The neighbours who woke up to the huge sound caused by the spread of fire nabbed him and handed him over to the police.

The Kaginele police have registered a case against him under IPC sections 435, 436, 427, 447, and sections 3 and 4 of the Karnataka Prevention of Damage to Public Property Act (1984) based on the complaint filed by the bank’s branch manager, Hiraman M. Naik, said the police.

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