Sunday, February 1, 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

Operation Sindhu: IAF brings home 268 Indian nationals from Israel

Operation Sindhu: IAF brings home 268 Indian nationals from Israel
This is the second IAF flight bringing back the Indians from Israel. Earlier in the day, an IAF flight carrying 165 Indians had arrived in the National Capital.

Operation Sindhu: IAF brings home 268 Indian nationals from Israel

NSA Ajit Doval meets Chinese Foreign Minister Wang Yi, stresses need to counter terrorism

NSA Ajit Doval meets Chinese Foreign Minister Wang Yi, stresses need to counter terrorism
“NSA also emphasised the need to counter terrorism in all its forms and manifestations to maintain overall peace and stability in the region,” the MEA said.

NSA Ajit Doval meets Chinese Foreign Minister Wang Yi, stresses need to counter terrorism

AAP celebrates victories in by-elections in Punjab, Gujarat

AAP celebrates victories in by-elections in Punjab, Gujarat
Responding to retaining the seat in Punjab, Chief Minister Bhagwant Mann congratulated AAP candidate Arora on his impressive victory in the Ludhiana West by-election. 

AAP celebrates victories in by-elections in Punjab, Gujarat

India’s forex reserves increase to $698.95 billion

India’s forex reserves increase to $698.95 billion
India's foreign exchange reserves shot up by another $2.29 billion to $698.95 billion for the week ended June 13, data released by the RBI on Friday showed. 

India’s forex reserves increase to $698.95 billion

Honeymoon murder case: Meghalaya Police question Sonam, Raja Raghuvanshi's families in Indore (Ld)

Honeymoon murder case: Meghalaya Police question Sonam, Raja Raghuvanshi's families in Indore (Ld)
Indore, June 18 (IANS) A team of Meghalaya Police on Wednesday visited the Indore residence of Sonam Raghuvanshi -- the prime accused in the case pertaining to the murder of her husband Raja Raghuvanshi, and questioned her family members in connection with the probe into the case. 

Honeymoon murder case: Meghalaya Police question Sonam, Raja Raghuvanshi's families in Indore (Ld)

Ahmedabad plane crash: DNA matching of 206 victims complete, 169 bodies handed over to kin

Ahmedabad plane crash: DNA matching of 206 victims complete, 169 bodies handed over to kin
Ahmedabad, June 18 (IANS) Six days after the tragic Air India plane crash that claimed 279 lives, the process of identifying the deceased through DNA matching is underway on a war footing

Ahmedabad plane crash: DNA matching of 206 victims complete, 169 bodies handed over to kin