ED searches 17 locations in Keralam over alleged co-op. bank fraud
The agency seized documents and digital evidence as it probes alleged loan fraud, forged records and misuse of funds at three co-operative societies.
6 Articles
6 Articles
ED seizes docs, freezes deposits in searches at cooperative banks in Keralam
Kochi, Oct 8 (PTI) The ED has seized documents, digital devices and frozen fixed deposits and bank accounts worth over Rs two crore during searches conducted at 17 premises linked to three cooperative banks across Keralam as part of a separate probe for money laundering, the agency said on Thursday. The Enforcement Directorate (ED), in […]
Kochi: The Enforcement Directorate (ED) is conducting a wide-ranging inspection in financial fraud cases related to cooperative banks in Kerala. It has ordered the freezing of fixed deposits in Angamaly Urban Cooperative Society and Malappuram Thenala Service Cooperative Bank. The action is to freeze two fixed deposits worth Rs 1.82 crore in Angamaly and 20 fixed deposits worth Rs 24.50 lakh in Thenala Bank. The ED said that it conducted simulta…
Kochi: Following the Enforcement Directorate's raids on cooperative bank and gang frauds in Kerala, banks' fixed deposits have been frozen. Two fixed deposits worth Rs 1.82 crore were frozen in Angamaly Urban Cooperative Society and around Rs 24.50 lakh were frozen in Thennala Cooperative Bank...
The Enforcement Directorate has intensified its investigation into the Rs 550 crore fraud in cooperative societies and banks in Kerala. Irregularities worth crores were found in inspections conducted at 17 locations in the state.
The Cooperative Department had discovered a loan fraud worth Rs 121 crore in the bank during an audit.
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