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Kuttanellur

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Banking, Fintech & Insurance 17 Oct 2026, 08:00 AM IST

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.

By RDU Global Wire5 min read

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