A devastating fire gutted seven shops at Jolli bazaar in Nabinagar upazila Friday night. Police and local people said the fire originated from an electric short circuit at the shop of Jahangir Alam of the bazaar at around 10:00pm and soon engulfed the adjacent six shops. Local people extinguished the fire after two hours of frantic efforts. The affected shop owners claimed that cash and valuables worth Tk 50 lakh were gutted in the blaze.