Saturday , May 21 2022

Man Sets Bank Branch on Fire For Denying Him Loan

He decided that since they were not willing to give him the loan he requested everyone should pack up and go home but he is now in police net.

Police in India have arrested a disgruntled charity worker who allegedly set fire to a bank branch in Karnataka after being denied a loan.

The suspect identified as Wasim Hazaratsab Mulla, a 33-year-old 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 not accepted because there were 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 successfully doused 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.

Oddity Central reports that Wasim Hazaratsab Mulla has been charged with arson and is awaiting punishment.

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About Chinenye Nwabueze

Nwabueze is a communication researcher with several years of lecturing experience in Nigerian universities.

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