According to the police, around eight men armed with lethal weapons barged into the bank and repeatedly stabbed Babli till he died. The police suspect the motive is personal rivalry and that some other rowdy had hired the contract killers.
His wife and daughter are said to have witnessed the murder. Staffers inside the bank and customers panicked at the sight but no one dared to interfere with the gang when they killed Babli. The bank officials informed the police who rushed to the spot and inspected the crime scene.
The police stated that though Babli was a history-sheeter at