ED raids 7 locations in Jharkhand and Odisha over alleged co-operative bank fraud
- The Enforcement Directorate ED, Ranchi, conducted raids at seven locations in Jharkhand and Odisha on Friday.
- The searches were carried out under Section 17 of the Prevention of Money Laundering Act PMLA.
- The probe concerns an alleged large-scale fraud at the Jharkhand State Co-operative Bank's Seraikela branch.
- The ED alleges businessman Sanjay Kumar Dalmia colluded with then bank officials to commit the fraud.
Source: moneycontrol.com
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