ED Searches 17 Kerala Locations in Alleged ₹550 Crore Co-operative Bank Fraud Probe
The Enforcement Directorate on Friday searched 17 locations across Kerala in connection with an alleged ₹550 crore fraud involving co-operative banking institutions, intensifying scrutiny of a sector long viewed as politically sensitive and financially vulnerable. The operation covered premises linked to the Urban Co-operative Society in Angamaly, Thennala Service Co-operative Bank and Kuttanellur Co-operative Bank, according to officials familiar with the probe.
