Gulf Bank of Kuwait duped of Rs 700 crore loan: Fraudsters flee to other countries; probe against 1425 Keralites

KOCHI: A probe has been launched against Keralites who fled to Kerala and foreign countries after taking a loan of crores of rupees from a bank in Kuwait. 10 cases have been registered in Kerala in this regard. According to a private channel, they have siphoned off Rs 700 crore of Gulf Bank of Kuwait. The fraudsters include 700 Keralites working as nurses in the Kuwait Ministry of Health. A total of 1,425 people have been booked in the case.
Various people took loans ranging from Rs 50 lakh to Rs 2 crore during 2020-22. Some of those who took such loans went to Kerala. Some fled to Canada, the United States, and England. As there was widespread fraud, it is also suspected that agents were involved. Since most of the fraudsters are from Kerala, the bank officials reached Kerala on the 5th of last month and met ADGP Manoj Abraham. The address of the fraudsters was then handed over. Most of the cases are in Kottayam and Ernakulam districts.
The South Zone IG will conduct an inquiry on the complaint lodged by a Kuwaiti national. A case can be registered under the law even if people come to India after committing fraud in other countries. This is how a case has now been registered against the fraudsters.