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Crime Kerala

ED raids 20 premises in Kerala over cooperative fraud cases

The Enforcement Directorate searched 20 premises across Thrissur, Ernakulam and Kozhikode districts in Kerala on Wednesday in connection with three cooperative society fraud cases. The cases involve Urban Co-Operative Society (Rs 55 crore), Thennela Service Co-operative Society (Rs 10 crore), and Kuttanellur Co-op Bank (Rs 27 crore), all accused of cheating through fake loans or unauthorized property transfers. The operation was conducted with state police coordination, officials said.

Written by AI from Enforcement Directorate (ED) · not yet reviewed by an editor · Published

Source

Enforcement Directorate (ED) · read the original report ↗

#ED raids#kerala#cooperative society fraud#money laundering#financial crime

Desk check · some claims need care

What the desk checked (4)
  • ED raided 20 premises in Thrissur, Ernakulam and Kozhikode districts in Kerala — Attributed to officials, consistent within source
  • Urban Co-Operative Society fraud involves Rs 55 crore proceeds of crime via fake loans — Figure appears in source, attributed to ED case, unverified externally
  • Thennela Service Co-operative Society fraud involves Rs 10 crore via fake loans and false interest promises — Figure appears in source, attributed to ED case, unverified externally
  • Kuttanellur Co-op Bank fraud involves Rs 27 crore via unauthorized property transfers — Figure appears in source, attributed to ED case, unverified externally

Written by AI from Enforcement Directorate (ED) · not yet reviewed by an editor · How we use AI · Report an error

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