coo-bank

The Enforcement Directorate and CBI on Thursday carried out raids at district co-operative banks in different parts of Kerala.

ED conducted raids at Kannur, Kozhikode, and Thrissur while the CBI officials conducted inspections of records of district co-operative banks in Kollam and Malappuram.

Sources said the raids aim to track ‘benami‘ holders or money conversions and transfers from the Gulf through hawala channels. The raids started minutes before 5 pm, before the co-operatives banks were set to shut down for the evening.
These raids are being conducted to check the records of deposits after November 8.

 

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