Around 10 FIRs have been registered in Kerala following allegations of fraud by a Kuwaiti bank, primarily against Indian nationals, many of whom were nurses. 

The Gulf Bank of Kuwait claims these individuals secured loans and then stopped repayment after taking leave, often relocating to countries such as Canada or other parts of Europe.

The bank reported an overall loss of approx. ₹700 crore, allegedly linked to 1,425 Indian nationals, with the majority being Malayalis. In Kerala alone, ₹10.21 crore is said to have been lost across the 10 cases filed so far. 

According to reports, many of the accused initially borrowed small amounts before securing larger loans.

Among those implicated, it is believed that at least 800 individuals worked as nurses in Kuwait's Ministry of Health. 

Following their investigation, Gulf Bank officials visited Kerala to lodge formal complaints. Kerala police are now probing the matter, handling each case individually. 

Authorities aim to confirm the citizenship and current locations of those accused.

Police have emphasized the need for thorough verification and coordination to uncover the extent of the fraud.

Authorities are also exploring whether systemic vulnerabilities allowed such large-scale defaults to occur. Investigations are ongoing, with further details expected as the probe progresses.