📷 Image: Wikimedia Commons / Pinakpani
Crime
ED raids seven locations in Jharkhand State Co‑op Bank fraud case
✍️ The Hindu
🗓 19 Sep 2026, 06:01 AM
👁 18
The Enforcement Directorate carried out raids at seven sites linked to a fraud investigation involving the Jharkhand State Co‑operative Bank.
The Enforcement Directorate (ED) conducted simultaneous raids at seven premises associated with the Jharkhand State Co‑operative Bank as part of a fraud probe. Officials entered the locations, seized documents and electronic devices, and began a detailed examination of the bank's records.
The raids come amid growing scrutiny over alleged financial irregularities at the state‑run cooperative bank. The ED, which investigates money‑laundering and economic offences, has opened a case to determine whether the bank was used to channel illicit funds or to conceal fraudulent transactions.
Authorities have not released the names of the individuals detained or the specific evidence uncovered. The bank has declined to comment on the operation, while the ED said the investigation is ongoing and further actions may follow based on the findings.
The raids come amid growing scrutiny over alleged financial irregularities at the state‑run cooperative bank. The ED, which investigates money‑laundering and economic offences, has opened a case to determine whether the bank was used to channel illicit funds or to conceal fraudulent transactions.
Authorities have not released the names of the individuals detained or the specific evidence uncovered. The bank has declined to comment on the operation, while the ED said the investigation is ongoing and further actions may follow based on the findings.