Slain Bengaluru businessman had lent Rs 30 crore to politicians and cops

Paruchuri Surendra Kumar used to hand out loans to people known to him, said a senior police officer.

Published: 02nd November 2016 03:29 AM  |   Last Updated: 02nd November 2016 04:22 AM   |  A+A-

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For representational purpose (File|Reuters)

By Express News Service

BENGALURU: The city-based businessman, who was shot dead by two-bike-borne men in Sanjaynagar on Sunday night, had lent `30 crore to several people, including politicians, police officials and businessmen. Paruchuri Surendra Kumar used to hand out loans to people known to him, said a senior police officer.

Surendra’s cousin Captain Chowdhury claimed that in many cases, he had even waived the loans when borrowers were unable to repay or had suffered business losses.

Meanwhile, police said they have detained some people for questioning and that teams have been sent to Uttar Pradesh and Andhra Pradesh to gather details on Surendra’s business dealings. A former employee, Kabil Saraswat, who is currently lodged in a Mathura jail and who allegedly had a fallout with Surendra, is also on police radar.

Chowdhury said that Surendra, who was mainly a financier, maintained proper records of all his transactions.

He spent a lot on his 56 dogs at his two-acre farmhouse taken on lease in Devanahalli and also on poor villagers, Chowdhury added. The fate of the dogs now remains uncertain even as the 30 caretakers on the farmhouse attended the last rites of Surendra in his native village in Andhra Pradesh.

On cases of cheating and cheque bounce registered against Surendra, Chowdhury claimed that they were investigated and no evidence was found. However, police said there are looking into the cases and also his financial disputes.

Surendra’s family members also said that he only had liquid cash and no immovable assets. He had two cars, a Mercedes Benz and a Maruti Eco, which was mainly used to ferry food and other items for the adopted dogs and for routine work.

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