ED raids Karuvannur bank in Kerala after alleged ₹300-crore scam

The Enforcement Directorate (ED) on Thursday conducted a raid on Kerala's Karuvannur Service Cooperative Bank where a ₹300-crore scam has allegedly taken place, PTI reported. The ED officials reportedly examined the documents which were sealed earlier. The loan scam in the CPI(M)-controlled bank was first reported in 2021, following which a case was filed against six bank officials.