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A Kochi businessman faces multiple fraud allegations, with a ₹23-crore loan case involving forged deeds now under EOW investigation. The alleged modus operandi includes forged documents and hypothecated stocks.
Karuvannur Bank's AGM, held after six years, focused on loan recovery and member confidence. Depositors protested outside, demanding their money back and government intervention.
In alignment with the objective of promoting digital payments in a safe and secure manner, the Reserve Bank of India (RBI) issued a discussion paper on exploring safeguards in digital payments to curb frauds.
Fake gold jewellery was pawned at the bank’s head office as well as at the Palappilly, Adichili, Muringoor and Poolani branches.
Earlier, on October 3, the group had launched an indefinite protest in front of the bank, which drew widespread attention after 95-year-old Sreedharan Nair, father of Rajendran Nair, joined the agitation.
The police have so far received over 400 complaints against the couple.
The Malayali couple allegedly lured investors with high interest rates before disappearing with the funds.
Bengaluru chit fund scam involving Tomy A Varghese and Shini Tomy has defrauded investors, mainly from the Malayali community, of over ₹100 crore. The couple, now missing, built trust through community involvement and promised high returns on investments.
Some of the defaulters Onmanorama spoke to said that they defaulted on payment because they couldn't return to Kuwait or had sought relief from the bank earlier.
The Deputy General Manager of Gulf Bank visited Kerala and lodged a complaint with the ADGP in charge of law and order.
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