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Last Updated Sunday March 29 2020 05:47 PM IST

NRI businessman uses Kerala minister's name to threaten Dubai bank

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KT Jaleel KT Jaleel

Kochi: A Kerala minister's name has allegedly been used to threaten the agent of a Dubai bank when it sought the repayment of a loan given to an NRI businessman. The bank's representative in India has complained to the chief minister Pinarayi Vijayan and minister K T Jaleel about the threat.

Jaleel said he would hand over the complaint to the DGP and ask to probe misusing of his name.

The National Bank of Ras Al-Khaimah had earlier filed a complaint with the Kerala Police against Pallimanikkal Hussain of Randathani in Malappuram.

Hussain, who ran an entity called Unicorn Electronics in Dubai, had allegedly taken a business loan of Rs 3.8 crore from the bank and then fled to India.

According to the complaint, the bank had offered to settle the matter if he had repaid at least Rs 2.75 crore.

Since the bank could not contact him, its power of attorney, Extreme International Management Consultancy, informed a close relative of Hussain about the bank's position.

But the relative allegedly told the agent to settle the matter that happened in the UAE there itself and contact minister Jaleel for everything else.

He also threatened to use his political clout if the agent again tried to get the money back.

The minister's office confirmed receipt of the complaint.

Seven UAE-based banks have so far filed 46 cases in India against people who took business loans worth crores of rupee and then escaped to India without repaying the money. The amounts involved in these cases add up to nearly Rs 1,200 crore.

Kerala Police's Crime Branch is investigating 8 of these cases.

Read more Kerala news

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