In a startling case, over 1,400 nurses from Kerala are accused of defrauding Kuwait’s Gulf Bank of nearly ₹700 crore by taking large loans and defaulting before migrating to countries like Canada, Australia, and Europe. The fraud came to light after Kuwaiti national Mohammed Abdul Vassey, Deputy General Manager of Gulf Bank, filed complaints against 10 individuals in Kerala.
Advocate Thomas J Anakkallumkal, representing the bank, revealed that many nurses initially repaid smaller loans but later took substantial amounts before moving abroad. With their absence from Kuwait, the bank struggled to take action locally. However, Indian authorities have initiated probes, filing FIRs under IPC sections 420 (cheating) and 406 (criminal breach of trust) against defaulters located in Kerala.
Those named include individuals accused of defaulting on amounts ranging from ₹63 lakh to over ₹1 crore. One nurse allegedly returned to Kerala, purchased a luxury apartment in Kochi, and resumed working in a hospital. Investigations have begun at multiple police stations across the state, with statements already recorded in some cases.
Despite the fraud occurring in Kuwait, Indian law permits action against the accused since they are now residing in India. Gulf Bank is expected to provide further documentation to assist the ongoing investigation. As cases unfold, more FIRs are likely to follow.
This case underscores the complexities of cross-border financial fraud and the need for stringent enforcement mechanisms.
Read Also;