
ED raids in Karnataka over money laundering linked to alleged financial irregularities in cooperative banks
The Hindu
The raids are in connection with an investigation into money laundering linked to alleged financial irregularities in cooperative banks.
The Enforcement Directorate (ED) searched multiple locations in Karnataka on April 8 as part of an investigation into money laundering linked to alleged financial irregularities in certain cooperative banks, officials said.
The investigation is being conducted under the Prevention of Money Laundering Act (PMLA), as per the officials.
The raids took place in 10 locations in Bengaluru and Shivamogga districts, they said.
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