ED conducts first-ever raids in Andaman & Nicobar Islands linked to cooperative bank ‘fraud’

The Enforcement Directorate conducted its first-ever raids in the Andaman and Nicobar Islands, investigating money laundering linked to former MP Kuldeep Rai Sharma. Officials searched multiple locations in Port Blair and Kolkata concerning alleged irregularities at the Andaman and Nicobar State Cooperative Bank. The probe focuses on fraudulent loans exceeding Rs 200 crore extended to shell companies.