scam@KSFE

 

This is to inform the general public to beware of dealing with KSFE (Kerala State Financial Enterprises) though they claim to be a state run organization it is completely mismanaged by incompetent mob.

There are several scams happening at the KSFE branches specifically targeting NRI’s and their family members.

KSFE does not have any right to advertise and claim that they are safe, reliable and transparent as they don’t put such claims in practice.

 

The payment made by customers in cash & cheques made in the name of KSFE are also funneled out by the KSFE employees by diverting it into the accounts of their relatives and friends.  Large sum of money is funneled out by cash withdrawals using forged signatures of the customers. The management is reluctant to take any action on the criminals involved as this kind of scam involves a full team including the staff members, managers and even regional managers.

 

The management team and internal audits teams drags the customers even after getting official complaints with enough and more evidences and they support the criminals by all means. The management team also guides the criminals on how to professionally cheat customer.

   

If you had a similar experience or you know any one who have had such experience with KSFE feel free to post your experience to support the fight against state run Corruption Company.