ED conducts searches at 3 cooperative societies in Keralam
The Enforcement Directorate has launched searches across multiple locations in Kerala regarding alleged financial irregularities in three cooperative societies. The investigation focuses on suspected misappropriation of funds totaling ₹92 crore.
Why it matters
This highlights ongoing regulatory scrutiny into the financial management of cooperative banking institutions in India.
The Enforcement Directorate (ED) on Wednesday (October 7, 2026) conducted searches at multiple locations in Keralam as part of an investigation linked to alleged irregularities worth ₹92 crore in three cooperative societies of the State, officials said.
They said about 20 premises in Thrissur, Ernakulam and Kozhikode are being searched.
The bodies under investigation include Urban Cooperative Society (alleged irregularities of ₹55 crore), Thennela Service Cooperative Society (₹10 crore) and Kuttanellur Cooperative Bank (₹27 crore), the officials said.
Published - October 07, 2026 12:11 pm IST
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