Monday, February 2, 2026
ADVT 
India

Ludhiana business couple dies by suicide after alleged harassment by bank officials over loan repayment

Darpan News Desk IANS, 27 Jun, 2025 12:34 PM
  • Ludhiana business couple dies by suicide after alleged harassment by bank officials over loan repayment

In a tragic incident from Punjab's Ludhiana, a businessman and his wife ended their lives allegedly due to persistent harassment by private bank officials. 

The couple, identified as Jasbir Singh, 60, and Kuldeep Kaur, 59, reportedly consumed poison inside their shop located beneath their hosiery factory in Gandhi Nagar Market -- one of the largest wholesale markets in the state.

According to their son, the couple had taken a LAP (loan against property) worth approximately Rs 2.35 crore from a private bank to run their business.

Despite having paid 55 EMIs on time, a single delayed instalment this month reportedly led to intense pressure and harassment from the bank's recovery agents.

The son claimed that his parents were receiving over 200 calls daily and were constantly followed or confronted by recovery officials till evening hours.

The incident came to light on Thursday morning when the couple’s son reached the shop and found them unconscious on the floor.

Before losing consciousness, they told him they had consumed poison. He rushed them to DMC Hospital, but both were declared dead.

The police have registered a case and initiated an investigation. SHO Gagandeep Singh of Division No. 4 police station confirmed that a suicide note was recovered from the scene, in which the couple blamed the bank employees for threatening and mentally torturing them.

The note also mentions abusive behaviour and threats, including claims that the bank would seize their home.

Just a week before the incident, the bank's recovery team allegedly visited the couple’s residence in the Harbanspura area on Goshala Road and misbehaved with them.

Their son said that when he tried to intervene, he too was threatened, and the bank officials reportedly spoke about taking over their property.

Inspector Gagandeep Singh stated that the police have taken the bodies into custody and sent them for post-mortem examination.

"The suicide note has been recovered. We are thoroughly investigating the matter, and strict action will be taken against whoever is found responsible," he added.

Picture Courtesy: IANS 

MORE India ARTICLES

French Senators meet Ravi Shankar Prasad-led delegation, reaffirm solidarity with India's fight against terror

French Senators meet Ravi Shankar Prasad-led delegation, reaffirm solidarity with India's fight against terror
Paris, May 27 (IANS) The Indian Embassy in France said on Tuesday that the all-party delegation led by Bharatiya Janata Party (BJP) leader Ravi Shankar Prasad met with French senators headed by Jacqueline Eustache-Brinio, who reaffirmed solidarity with India in its fight against terrorism. 

French Senators meet Ravi Shankar Prasad-led delegation, reaffirm solidarity with India's fight against terror

Gurvinder Singh: A people’s Padma journey in a wheelchair

Gurvinder Singh: A people’s Padma journey in a wheelchair
Bhopal, May 28 (IANS) In a quiet corner of Sirsa, Haryana, Gurvinder Singh defied fate with resilience and service. 

Gurvinder Singh: A people’s Padma journey in a wheelchair

Covid cases increasing, but nothing to worry about as infections are not severe: ICMR chief

Covid cases increasing, but nothing to worry about as infections are not severe: ICMR chief
New Delhi, May 26 (IANS) Covid-19 infections are increasing in India but there is nothing to worry about as these are not severe, Indian Council of Medical Research Director General Dr Rajiv Bahl said on Monday. 

Covid cases increasing, but nothing to worry about as infections are not severe: ICMR chief

‘I was kept in dark’: Aishwarya Rai slams Lalu-Rabri after Tej Pratap's expulsion

‘I was kept in dark’: Aishwarya Rai slams Lalu-Rabri after Tej Pratap's expulsion
Patna, May 26 (IANS) Following the dramatic expulsion of Tej Pratap Yadav from the Rashtriya Janata Dal (RJD) and the Yadav family by party chief Lalu Prasad Yadav, Tej Pratap's estranged wife Aishwarya Rai has broken her silence, levelling serious allegations against the Yadav family.

‘I was kept in dark’: Aishwarya Rai slams Lalu-Rabri after Tej Pratap's expulsion

Foreign Secretary Vikram Misri to begin three-day US visit starting Tuesday

Foreign Secretary Vikram Misri to begin three-day US visit starting Tuesday
New Delhi, May 26 (IANS) Foreign Secretary Vikram Misri will be on a three-day visit to the United States starting Tuesday, the Ministry of External Affairs (MEA) announced on Monday.

Foreign Secretary Vikram Misri to begin three-day US visit starting Tuesday

‘Dreams and futures under threat’: Raghav Chadha hits out at Trump’s Harvard ban

‘Dreams and futures under threat’: Raghav Chadha hits out at Trump’s Harvard ban
New Delhi, May 23 (IANS) In a swift response to the Trump administration’s controversial move to bar Harvard University from enrolling international students, Aam Aadmi Party (AAP) leader and Rajya Sabha MP Raghav Chadha has voiced strong support for the Ivy League institution and its global student body. Chadha, himself an alumnus of Harvard, condemned the decision, warning that it endangers academic freedom and the futures of thousands of students. 

‘Dreams and futures under threat’: Raghav Chadha hits out at Trump’s Harvard ban