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Police expect more Gulf banks to file complaints on loan defaulters
The New Indian Express Kochi
|December 08, 2024
Gulf Bank identifies 1,425 defaulters | Accused charged with cheating, criminal breach of trust
AFTER police registered loan-fraud cases against 10 nurses who used to work under the ministry of health (MoH) in Kuwait, investigations have revealed that other Gulf countries have similar defaulters.
Although the current cases have been registered based on the complaint of Kuwait-based Gulf Bank, police are expecting other banks in the region to file complaints soon.
Gulf Bank has identified 1,425 loan defaulters from Kerala. The bank estimates that over ₹700 crore is due from these borrowers, mostly nurses.
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