ED searches 7 locations in Jharkhand, Odisha in co-operative bank money-laundering case

The Enforcement Directorate on Friday conducted searches at seven locations across Jharkhand and Odisha as part of a money-laundering investigation linked to an alleged scam at a co-operative bank, officials said.

The investigation concerns an alleged fraud at the Seraikela branch of the Jharkhand State Co-operative Bank (JSCB). Officials alleged that businessman Sanjay Kumar Dalmia carried out the fraud in connivance with then bank officials.

The searches are being conducted under the provisions of the Prevention of Money Laundering Act (PMLA), the officials said.  (with inputs from PTI)