Have Keralites Defrauded Al Ahli Bank in Kuwait?
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Synopsis
A troubling situation has unfolded as multiple complaints arise from Al Ahli Bank in Kuwait, alleging that several Keralites, among others, have committed fraud. With over Rs 200 crore at stake, the police have launched investigations into the matter, raising questions about the impact of the COVID-19 pandemic on expatriates.
Key Takeaways
- Allegations of financial fraud involve numerous Keralites.
- The total loss to Al Ahli Bank is over Rs 200 crore.
- 12 cases have been registered in Kerala.
- Accusations include cheating and criminal conspiracy.
- Many accused cite COVID-19 as a reason for their actions.
Kochi, Sep 25 (NationPress) Reports have emerged indicating that numerous Malayalis, among others, have reportedly defrauded Al Ahli Bank in Kuwait, leading to the registration of 12 cases across several police stations in Kerala.
This situation arose following a complaint filed by a Kuwaiti national, a senior official at Al Ahli Bank of Kuwait, with the State Police chief of Kerala.
The total amount of loss to the bank exceeds Rs 200 crore, attributed to approximately 806 individuals from various regions, a significant number of whom are Keralites.
The individuals involved, who were employed in Kuwait from 2020 to 2023, allegedly acquired loans and subsequently defaulted on repayments.
In response to these allegations, the police have initiated cases of financial fraud, cheating, and criminal conspiracy at different stations in Kottayam and Ernakulam.
The bank accuses the individuals of securing loans with the intent to deceive.
Many of the accused have since returned to Kerala after departing Kuwait and then relocated to countries such as the United States and Australia.
However, the accused and their families assert that they were compelled to leave due to the financial hardships caused by the COVID-19 pandemic.
This development unfolds amid ongoing investigations by the Crime Branch into numerous similar cases involving the Gulf Bank of Kuwait, where many expatriates are implicated in defrauding the institution.
Interestingly, after the Gulf Bank of Kuwait lodged a complaint with the State Police chief last year, prompt action by the Kerala Police resulted in many defaulters stepping forward to settle their debts.
Upon the Gulf Bank's complaint, the Union Home Ministry also intervened.
Al Ahli Bank's complaint has now broadened the scope of these inquiries.
The police have been instructed to verify the loan details, locate the absconding individuals, and ascertain whether the alleged defaulters acted with malicious intent.
Authorities have cautioned that those found guilty may face severe legal repercussions under charges of financial fraud and criminal conspiracy.
Point of View
This case highlights the complexities faced by expatriates during economic downturns. While serious allegations of fraud have emerged, it is crucial to consider the broader context of financial distress exacerbated by the pandemic. Ensuring accountability while understanding the challenges faced by individuals is paramount in addressing such issues.
NationPress
25/09/2025
Frequently Asked Questions
What is the total amount allegedly defrauded?
The total alleged loss to Al Ahli Bank exceeds Rs 200 crore.
How many cases have been registered?
A total of 12 cases have been registered at various police stations in Kerala.
What charges are being filed against the accused?
The accused are facing charges of financial fraud, cheating, and criminal conspiracy.
What has prompted the police action?
The police action was prompted by a complaint from a Kuwaiti national, a senior official at Al Ahli Bank.
Are the accused claiming any financial hardships?
Yes, many of the accused claim they were forced to leave due to financial difficulties brought on by the COVID-19 pandemic.
