Kochi, Sep 25
Complaints have now surfaced that several Malayalis, along with others, have allegedly defrauded Al Ahli Bank in Kuwait, prompting 12 cases to be registered in a few police stations in Kerala.
The total loss to the bank is in excess of Rs 200 crore by around 806 people from various parts, of which a good number are Keralaites.
The accused, who worked in Kuwait between 2020 and 2023, allegedly took loans and failed to repay them.
However, the accused and their families contend that the financial crisis caused by the COVID-19 pandemic forced them to leave the country.
Authorities have warned that those found guilty could face strict legal action under financial fraud and criminal conspiracy charges.