Four held in Kerala for defrauding NRI

Thiruvananthapuram, Nov 23 (Inditop.com) Four men were held here Monday for illegally transferring Rs.60 lakh from the insurance account of an NRI into a fictitious bank account which they had opened in his name, police said.

Assistant Commissioner of Police B. Krishna Kumar told Inditop that a Dubai-based Keralite Vincent Justine had an insurance account with ICICI Prudential Life in the state capital.

“The four arrested men, one of whom worked in the Kollam branch of ICICI Prudential Life, opened a account in ICICI bank based on forged documents in Justine’s name and managed to transfer Rs.60 lakh from his insurance account into the account they had opened. They had withdrawn Rs.50,000 from the account,” Kumar said.

The crime came to light when Justine found that funds were short in his ICICI Prudential Life account and lodged a complaint with the police.

“As soon as we received the complaint, we freezed the account and the investigation began. We first tracked down the prime suspect Ganesh, who worked in the Kollam branch of ICICI Prudential Life. The other three are his friends. Investigations are continuing,” Kumar said.