BEWARE – If you have any Fixed Deposits at KSFE

BEWARE – If you have any Fixed Deposits at KSFE

KSFE staff members’ uses customers fixed deposits (FD) without their knowledge to pledge against chitties and loans of friends/ relatives of staff members and bogus / forged chitties in the name of same customer.

Staff members at the branch plans and executes such scam with full knowledge of the senior management including the senior managers, members of internal audits and vigilance department of KSFE and even the Managing Director.

As per KSFE Branch Manager at KSFE Thalayolaparambu branch and the Managing Director of KSFE such practices are just minor adjustments and a scam of more than Rs 2 crore is not at all a serious matter.

Example of scam - As per documents received by RTI from the KSFE Thalayolaparambu branch following relatives of the  KSFE staff member, criminal Venugopalan V.P, are the beneficiaries of such adjustments:-

 

1. Indirakutty, Vathalloor House, Thalayolaparambu-

 (Mother in law of criminal Venugopalan V.P, Vathalloor house – KSFE staff) 

Chitty No- 21/2010-5, 12/2008-48, 5/2009-38, Loan- NCL 1254 

 2. Parameshwaran Pilla, Vathalloor House, Thalayolaparambu 

(Father in law of criminal Venugopalan V.P, Vathalloor house – KSFE staff)

Loan- NCL 1168 & Chitty No- 3/2008-60,  

3. Rajalekshmi, Vathalloor House, Thalayolaparambu –

 (Wife of criminal Venugopalan V.P, Vathalloor house – KSFE staff) 

Chitty No -14/2010-20, 6/2010-43, 22/2009-45, Loans - NCL-1279, NCL-1353,

 

 

 

Above details are posted based on Information provided by 

The Branch Manager,  KSFE Thalayolaparambu Branch