Madhu Jayakumar

Madhu Jayakumar

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Madhu Jayakumar is a former manager of the Bank of Maharashtra’s Vadakara branch in Kerala, who gained notoriety for being associated with a massive fraud case involving 26kg of fake gold jewelry valued at over ₹17 crore, discovered just after his transfer to Kochi.

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Recent news mentions

Madhu Jayakumar managed to pull off a significant fraud involving fake gold jewels worth more than ₹17 crore.

How real-life Lucky Baskhars are causing a spike in gold loan defaults
The Times of India·IndiaIndia· 2025-02-28
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