Kuwait's Al Ahli Bank has issued complaints after alleging that hundreds of Indian expatriates, particularly Malayalis, took loans and fled the country without repayment.
The total amount from the cases accumulated to KD6.9 million (BD8.5 million), leading to multiple First Information Reports (FIRs) in Kerala after the bank filed complaints with the Kerala State Police.
Eight hundred and six individuals are under investigation for this case, with the majority of them from Kottayam and Ernakulam districts. This includes 13 fresh cases over alleged loan defaults of Rs10 million (BD42,520).
The case is one of many recent cases of loan fraud in Kuwait, with other banks also affected between 2019 and 2024.
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