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Karnataka Man Sets Bank On Fire Amid Bank Rejects Loan Application

Haveri: A man allegedly set bank on fire amid the bank rejected his loan application. Amid this shocking incident, police has registered a case against the accused, at Kaginelli police station. The accused is in police custody. 

The case has been registered under Sections 436, 477, 435 of the Indian Penal Code, said the police. 

The accused who set the bank on fire is identified as, Wasim Hazaratsab Mulla, a resident of Rattihalli town. According to the police reports, the he had approached a Canara Bank branch and submitted a loan application. He had approached the branch at Hedugonda village within the jurisdiction of Kaginele police. The bank later rejected his application as his CIBIL score was low. However, the bank denied his loan application after the verification of documents.

This triggered anger in him and then he set the bankโ€™s branch on fire. He reached there late night, broke a window, spilled petrol from the window, and set the place on fire. The incident was informed to the police by a passerby, who noticed the smoke from the building.

The police informed that the blaze caused damage worth Rs 12 lakh including computers, fans, lights, passbook printer, cash counting machine, documents, CCTVs, and cash counters, which were all destroyed. 

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โ€œSaheb, Ban Word โ€˜Dollarโ€™ As Wellโ€: Congress Attacks PM As Rupee Briefly Crosses 80-Mark Against Dollar

Tejas Joshi
Dollar

Opposition on Thursday opened an attack against the Modi government as the Indian rupee on Thursday, 14 July, briefly touched Rs 80 mark against the US dollar. The record fall in value of Rupee was recorded due to a firm US dollar in overseas markets and capital outflows.

In early trade on Thursday morning, the rupee had appreciated 7 paise to 79.74 against the US dollar, as a positive trend in domestic equities supported the local unit. However, in next session, the rupee value depreciated against US dollar, crossing the record low of 80.

Congress spokesperson Kanhaiya Kumar, referring to the row over new booklet banning โ€˜unparliamentaryโ€™ words in both houses of parliament, took a swipe at PM Modi. Mr Kumar, with his tweet in Hindi, attached a screenshot of rupee touching the 80-mark against dollar, and said: โ€œSaheb, now letโ€™s get the word โ€˜dollarโ€™ banned from Parliament too. Otherwise as you said the rupee will keep losing its value and the Prime Minister its dignity.โ€

Rajasthan Chief Minister Ashok Gehlot, as Rupee touched the 80-mark, took to Twitter and said the Modi government has no action plan. Tweeting in Hindi, Mr Gehlot said: โ€œAfter the record fall in the value of rupee, the price of 1 dollar has crossed Rs 80 for the first time. This is a worrying situation for the Indian economy. This shows that the Modi government has no action plan for the economy.โ€

โ€œDue to the fall in the value of rupee, inflation will increase further in the coming days and foreign exchange reserves will decrease rapidly. A weakening rupee will also reduce the credibility of the country. Where have those who asked the question when the price of 1 dollar was 60 rupees during the UPA government, gone today?โ€ the Rajasthan CM Asked.

The Indian Youth Congress wrote on Twitter: โ€œThe rupee falls to a record low of 80 against the US Dollar, It used to weaken India earlier now it makes us โ€˜Vishwaguruโ€™, wonder how?โ€

 

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