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The complainant shared his account details with a fraudster who posed as a banking official.
Sugathan, a former governing body member of Karuvannur Bank, says the fraudsters and top leaders cheated him by placing the burden of the fraud on his head.
In the fresh four cases registered at various stations, people lost Rs 5.95 lakh in online scams.
An elderly couple lodged the complaint the other day in which they claimed the bank passed loans worth Rs 93 lakh without their knowledge, though they had availed a loan of only Rs 40 lakh.
It is alleged that the fraudsters in the bank had swindled Rs 50 lakh from these borrowers.
The fraudsters approach victims offering online jobs with high salaries.
Attracted by the high return offered by the fraudsters, the youth accepted the offer and started working for them
Amid concerns over massive digital loan frauds, a new threat in the form of casual messages over WhatsApp has emerged.
The actor cautioned about such fraudsters adding there are many people who are trying to extract money from poor people.
The four-member cell led by the assistant registrar has started operation at the university headquarters.