Special Reports of Kerala Monitor Founder Promoter Allegedly took 10 percent Cut for Every deal including Royalty paid to Singapore Hotel Chain More
Special Reports of Kerala Monitor Founder Promoter Allegedly took 10 percent Cut for Every deal including Royalty paid to Singapore Hotel Chain More
At least four members of an Indian business family settled in a Gulf country (Oman) are facing high level investigation for allegedly cheating some influential people. According to reliable sources, four members of a north Indian business family who have the citizenship of the host country are under the custody of investigative agencies for allegedly cheating and money swindling from major projects, including a hotel project. Mor
CBO Examines bank's exposure to Construction Group' headed by NRK Tycoon
DUBAI - The Central Bank of Oman (CBO) which regulates the banking sector in Oman has advised all leading commercial banks to report their total credit exposure to a diversified Construction Company with operations in Oman, Qatar, Brunai, India and other Gulf countries. The company is headed by a prominent Non Resident Keralaite businessman with strong political contacts . The CBO advise came as a precaution to prevent the recurrance of earlier bank frauds precipitated by the Ali Redha Group, a trading company which dupedvarious banks to the tune of 50 million Rials. Some cheques issued by the Construction group bounced and the apex bank started a due diligence procedure to prevent the reurrance of Ali Redha episode. The gropup which employs nearly 4,000 workers in various prestigious building projects has been facing sever liquidity problem, as the payment for completed projects is delayed and banks almost stopped Overdraft facility. The concerned authorities are examining whether the Overdraft facility given to finance individual projects was misused in any way. Corporate world is keenly watching whether the Malayali Managing Director who has been busy building up a mighty business empire back home by acquiring star hotels and properties has lost interest in the local business. The mute question is whether the huge bank liability will fall on the local Arab sponsors, who are anyway not happy with the Malabari. The tycoon was one of the parties behind the premature transfer of the former Indian Ambassador K M Meena using money power and political clout. Thanks to the timely intervention of the CBO and Omani Government, another banking crisis may be averted. The CBO monitoring is on and a clear picture will be evident soon. "The group has lot of money outstanding for the completed projects. It is not a case like Ali Redha, but the CBO move is a matter of concern," says a top banker.
More Reports on Corruption and Fraud
- Fake Labour Officers collect money from Malayali Shop-- Malayali Workers threaten to commit suicide in Company Premises Malayalis on strike against non payment of salary, repatriation, seek NORKA help More --Engineering Entrance Test goes Online for Gulf Students-- State lose Rs.278 crores due to tax, excise favours--Indian School Board to introduce New Rules based on Parents Survey --Saudi Fort Demolition creates diplomatic dispute with Turkey--Etisalat launches Middle East's first kids portal-- Missing Indian School Muscat Student traced in Salalah: Fiften Costly Ornaments Stolen from Alukkas Jewellery in City Centre--Carefour--Dubai Police launches Cyber Campaign-Muscat Malayali attacked, robbed while travelling on Taxi, Beware of taxi travelling with money--Favouritism is nothing new in ISCM, KCC Fund details still missing
Ten arrested for kidnapping Malayali girls from Gulf airports
Dubai and Muscat: Giving another sensational dimension to the growing female trafficking from Kerala to various Gulf countries, two Malayali ladies from Trichur, were kidnapped and illegally kept in brothels. One of the girls was sold by a Malayali agent to another brothel just for Omani Rial 300 (Rs.35,000)!The Royal Oman Police have arrested more than 10 Indians, majority of them Malayalis including 2 women who have been involved in kidnapping the Malayali girls from the Seeb International airport, Muscat and forcing them to work in brothels.Full Report
Malayali Girl from Ernakulam had a narrow Escapes from Sex Mafia
Forced to give statement in front of Video Camera Cochin: Ending one and half month period saga, the Malayali women from Ernakulam who was recruited by a Malayali agent to work in Oman as housemaid, has reached home safely. In a special interview given to keralamonitor at Cochin, the girl has alleged that even though she was recruited by one Malayali agent -Mr.Maniraj from Ernakula to work as housemaid, he had been behaving badly with her.Full Report
Dubai, a Paradise for some, mirage for others
DUBAI--While most expats from the West live a life of luxury in the oil-rich Gulf, Asian workers often see their dream of escape from poverty back home turn into a mirage in the desert. "It's like a jail here for us, hard work morning, afternoon and night," said Sri Lankan house maid Lena, who has worked in the Gulf for 12 years leaving behind a daughter who is now 20. .More
- Mysterious Deaths of Indians in the Gulf continue Bahrain plans Minimum Wages Act, Amnesty to end--U.S. group demands ban on VHP, Bajrang Dal, declare them as terrorist organizations Malayali Girl Escape from the Mafia-- Public Appeal Against Woemn Traffickers--Ramesh Chennithala inaugurates NORMA in Dubai-Power Struggle to control Indian Schools in Saudi Arabia--Malayali salesman dies in Road Accident ---Malayali worker dies when the Mosque under construction collapses--Indian School Parents Unanimous about Fees Reduction P.C.Thomas, other politicians interfere in Indian School issue-Malayali businessman abscond with One and half crores Rupees --Blade Companies cause bankruptcies among small-scale traders--Security Press Nasik makes Lakhs of Waste passports-Saudi 'Girl' becomes 'boy" after sex change operation--Indian Embassy Muscat, Doha lost several crores on rental payment to private parties..Full Report-
- Board of Directors suspends seven member Management committee of Indian School Molada-Indian School Muscat Principal Under Attack--Indian politicians intervene to cover up Indian School Controversy --Gulf Malayali Missing from Nedumbassery Airport --Malayali, Yemeni Workers Shot Dead by Saudi Youth-- Oman Government Waive off Huge Hospital Bill of Malyali Who sustained serious Burn Injuries Malayali Freelance Travel Agents Vanish with RO 30,000--NORKA should deal with the Gulf Malayali Masses directly, not through unpopular Social Organisations--Gulf Malayalis are prone to get Diabetics: Research Report--E-Dinar Payment System Introduced in the UAE--Arab Gang of five arrested for armed robbery of RO 50,0000 from Oman UAE Exchange--Five Pedestrian Crossing Bridges in Muscat within Six Months--India-Iran Gas Pipeline Project Reviewed--Malayali Carpenter commits suicide-Saudi Biscuit Factory Strike against non payment of salary--Two Saudi infants found dead in uncles water tank.-Haj Flights to Start Tomorrow --Saudi Police Arrest Four Expatriates for Digging out Women's Deadbody--Saudi Manpower Ministry Create Fund from Expatriate Residence Fees.
- Malayalis duped by Absconding Gold Savings Scheme Company --Omanisation of Audio Video shops from October 24, 2001--Emmigration authorites cancel passport of live passenger by Mistake
- Central Bank cautions public against fraud --Dubai Chamber of Commerce & Industry spearheads e-government with launch of new portal --Oil Company's Road Safety Campaign Among UAE Shool Children
Welfare Fund for Indian Overseas Workers
Delhi: Labour Ministry is actively considering to set up a Welfare Fund for the Indian Overseas Workers. inaugurating a conference of the Welfare Officers of Indian Missions/ Posts in the Gulf countries here today, the Labour Minister Sharad Yadav said that his Ministry also proposes to constitute the Central Manpower Export Promotion. Over 3.5 million Indian workers live and work in the six Gulf countries of Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. They remit over $4 billion annually to India. Full Report
Riyadh: An Indian expatriate, Indran Raju, working at a petrol pump in Saudi Arabia was killed by three Saudi school children following a dispute about paying bill worth Saudi Rial 39!
Malayali Dies in hospital after lying in coma for three months
SOS to NORKA, Indian Embassy did not help. A Malayali worker had a tragic death in Sohar Hospital after lying in a state of coma for more than three months. Kunjuraman Binu (Suresh Kumar 33 yeas) from Azhoor, Chiryankeezhu, Thiruvananthapuram who has been ailing in the Sohar hospital following a serious road accident in Sohar, died here on Thursday ..Full Report
- Trading Companies in the UAE, Gulf under investigation for Osama bin Laden links
- Dubai: A number of companies run by ex-Pakistan military officials have been allegedly involved in purchasing munitions and spare parts from Dubai and Hongkong and then exporting them to Afghanistan for resale to the Taliban are under the close scrutiny of western intelligence agenices. Private Pakistani companies have been reportedly buying arms from Chinese manufacturers through dealers in Hong Kong and also from dealers in Dubai, in the United Arab Emirates (UAE), said reports.
- Islamic, offshore banks in the Gulf under scrutiny for financing terrorists
- UAE orders freeze on 'terror' accounts
Kerala Cultural Centre (KCC) Members Want Accounts made public Committee members spend RO 30,000 to buy a scanning machine that does not work
- Muscat -Kerala Cultural Centre (KCC) is once again in the news for bad reasons. The last office bearers of the KCC are the butt of ridicule from many corners as they have faced severe criticism for the dubious manner in which they handled huge amount of surplus funds worth thousands of Rials and other assets of the closed club without disclosing the details for several years...Full Report
Story of absconding Malayali Salesman
Dubai--A leading Dubai based Marketing Company has filed a complaint with the Royal Oman Police (Sohar) against an Indian salesman Santhosh (Kizhakkumpadam Madakara), son of K Rajan, Chirakkal House, Balipatnam Kannur who has been absconding with more than RO 25,000 (Rs. 28 lakhs) of the company.Full Report
Saudi Arabia to build 10,000 new schools to speed up Saudiazation Riyadh; Saudi Government is planning to construct at least 3,000 schools soon. According to Saudi Ministry of Education, Saudi Arabia may need at least 10,000 new schools over a few year period.
