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-

money reuters

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.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp