The Central police are continuing to probe cases of financial fraud registered against Malayali expatriates who allegedly left the UAE after defaulting on repayment of multiple short term loans running into several hundred crores they had taken from 20 banks in the guise of running businesses.
Representatives of the National Bank of Ras Al-Khaimah, one of the affected banks, turned up at the Central police station to give their statements and evidence on Thursday.
Over the past one year, the Central police have registered 46 cases in this regard of which 18 have been handed over to the CB-CID.
