ED raids 7 locations in Jharkhand State Co-op bank 'fraud' case
The raids target evidence in an alleged bank scam involving businessman Sanjay Kumar Dalmia and former officials, investigators said.
- On Friday, The Enforcement Directorate conducted search and seizure operations at seven locations across Jharkhand and Odisha regarding an alleged scam involving the Jharkhand State Co-operative Bank .
- Alleged large-scale fraud perpetrated by businessman Sanjay Kumar Dalmia in connivance with former JSCB officials at the bank's Seraikela branch prompted this investigation, officials stated.
- Section 17 of the Prevention of Money Laundering Act authorized The Enforcement Directorate's Ranchi Zonal Office to conduct searches and gather documentary evidence regarding suspected financial irregularities.
- Authorities acted in close coordination with state police and security forces since early Friday to secure material evidence linked to alleged proceeds of crime advancing the money laundering investigation.
- ED's Ranchi zone investigation empowers the agency to seize property or records connected with suspected fraud, marking a significant enforcement step against those involved in alleged financial mismanagement.
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LatestlyED searches seven places in Jharkhand, Odisha in alleged JSCB scam case
The searches were carried out under Section 17 of the Prevention of Money Laundering Act (PMLA) in connection with an alleged large-scale fraud at the JSCB's Seraikela branch in Jharkhand.
ED searches seven locations in Jharkhand, Odisha in JSCB scam case - OrissaPOST
Ranchi/Bhubaneswar: Enforcement Directorate’s (ED) Ranchi Zonal Office conducted search and seizure operations at seven locations in Jharkhand and Odisha in connection with its money laundering investigation into the alleged Jharkhand State Co-operative Bank (JSCB) scam, the agency said Friday. The searches, carried out under Section 17 of the Prevention of Money Laundering Act (PMLA), were […]
Ranchi: The Enforcement Directorate has taken major action in the alleged scam related to the Jharkhand State Cooperative Bank. The ED's Ranchi team has conducted search and seizure operations at a total of seven places in Jharkhand and Odisha in a money laundering case. This action is being taken under Section 17 of the Prevention of Money Laundering Act. According to the investigating agency, this case is related to the Jharkhand State Coopera…
Bank Fraud: ED Raids Seven Places in Jharkhand, Odisha
New Delhi: The Enforcement Directorate (ED) on Friday conducted search and seizure operations at seven locations across Jharkhand and Odisha as part of an ongoing probe into an alleged fraud involving officials of the Jharkhand State Co-operative Bank (JSCB). Officials said the searches were carried out under Section 17 of the Prevention of Money Laundering Act (PMLA) in connection with…
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