
ED raids in Karnataka over money laundering linked to alleged financial irregularities in cooperative banks
The Hindu
The raids are in connection with an investigation into money laundering linked to alleged financial irregularities in cooperative banks.
The Enforcement Directorate (ED) searched multiple locations in Karnataka on April 8 as part of an investigation into money laundering linked to alleged financial irregularities in certain cooperative banks, officials said.
The investigation is being conducted under the Prevention of Money Laundering Act (PMLA), as per the officials.
The raids took place in 10 locations in Bengaluru and Shivamogga districts, they said.

Four persons were killed and three others sustained injuries in a fire that broke out in a five-storey building housing several manufacturing units in Rohini Sector 5, the police said on Wednesday. Sixteen fire tenders were rushed to the spot after the Delhi Fire Services (DFS) received a call about the blaze at 7.30 p.m. on Tuesday. However, due to the combustible material stored in the building, including plastic and clothes, and the narrow lanes leading up to it, which prevented fire engines that ran out of water from giving way to other rescue vehicles, it took the DFS over 12 hours to douse the flames.