ED Conducts First-Ever Raids in Andaman in Bank Fraud Case
Port Blair/New Delhi: On Thursday, the Executive Director made his first searches on Andaman and Nicobar Islands as part of the investigation of a money laundering case of a cooperative bank loan containing an old deputy from the Union Region. He said the case was about Andaman Nicobar State Cooperation Bank (ANSCB) and Vice President Rai Sharma. Sharma, a 57-year-old congress leader, is a former deputy of UT (2019-24).
The sources were published in Port Blair and Kolkata in two and two of them in Kolkata by the authorities of the Central Investigation Agency in accordance with the Law on Prevention of Wound Flow (PMLA).
This said that the Agency made searches for the first time in the Union Region in the Gulf of Bengal.
The sources said that the agency saved some documents pointing to “large -scale” irregularities in the provision of credit and loan deposit facilities by ANSC Bank.
According to sources, the role of former Congress MP Sharma is under ED’s browser.
They claimed that approximately 15 assets/company groups have been created for the benefit of Sharma and more than 200 RS by the suspects.
Sources, collected documents, credit facilities, the bank’s designated procedures and directives ignoring the various bark companies/ companies, he said.
The money laundering case stems from the Andaman Nicobar police ‘crime and economic crime wing.
