Tuesday, February 3, 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

Ahmedabad plane crash: Boeing 787-8 Dreamliner has history of technical issues globally

Ahmedabad plane crash: Boeing 787-8 Dreamliner has history of technical issues globally
New Delhi, June 12 (IANS) The Boeing 787-8 Dreamliner, known for its advanced technology and fuel efficiency, has reportedly faced several technical and safety issues worldwide over the years. 

Ahmedabad plane crash: Boeing 787-8 Dreamliner has history of technical issues globally

Air India plane crash: Tata Group announces Rs 1 crore support for families of victims

Air India plane crash: Tata Group announces Rs 1 crore support for families of victims
New Delhi, June 12 (IANS) Tata Group Chairman N. Chandrasekaran on Thursday announced that the company will provide Rs 1 crore to the families of each person who lost their life in the tragic crash of Air India Flight 171 in Ahmedabad. 

Air India plane crash: Tata Group announces Rs 1 crore support for families of victims

UK to join Indian investigation into Ahmedabad plane crash US offers support

UK to join Indian investigation into Ahmedabad plane crash US offers support
London/Washington, June 12 (IANS) The United Kingdom's Air Accidents Investigation Branch (AAIB) and the United States' Federal Aviation Agency (FAA) on Thursday offered assistance in the investigation that is being carried out by the Indian authorities following the tragic crash of Air India flight AI171, operating from Ahmedabad to London Gatwick (LGW). 

UK to join Indian investigation into Ahmedabad plane crash US offers support

Raj masterminded the murder of Raja, not a contract killing: SP Syiem reveals chilling plot

Raj masterminded the murder of Raja, not a contract killing: SP Syiem reveals chilling plot
Shillong, June 12 (IANS) In a sensational revelation on Thursday, East Khasi Hills SP Vivek Syiem narrated the entire sequence of events leading to the cold-blooded murder of Raja Raghuwanshi, terming it a pre-planned conspiracy orchestrated by Raj Kushwaha, ‘lover’ of the victim’s wife Sonam Raghuwanshi. 

Raj masterminded the murder of Raja, not a contract killing: SP Syiem reveals chilling plot

Miraculous escape: Passenger in emergency exit seat sole survivor of Air India disaster

Miraculous escape: Passenger in emergency exit seat sole survivor of Air India disaster
Ahmedabad, June 12 (IANS) Among the 242 people aboard the ill-fated Air India flight AI171, which tragically crashed shortly after takeoff near Ahmedabad airport on Thursday afternoon, 38-year-old British national Ramesh Vishwaskumar Bucharvada miraculously survived. 

Miraculous escape: Passenger in emergency exit seat sole survivor of Air India disaster

'National Tragedy': Amit Shah meets Air India flight crash sole survivor, reviews emergency response

'National Tragedy': Amit Shah meets Air India flight crash sole survivor, reviews emergency response
Ahmedabad, June 12 (IANS) Union Home Minister Amit Shah on Thursday described the crash of Air India Flight AI171 as a "national tragedy that has plunged the entire country into mourning" and expressing grief over the immense loss of life, assured families of the victims that the government will provide unwavering support during this time of sorrow. 

'National Tragedy': Amit Shah meets Air India flight crash sole survivor, reviews emergency response