Synopsis: An ED team from Kochi conducted surprise inspections at the bank on Friday, intensifying scrutiny on cooperative institutions in Kerala amid the run-up to local body elections.

The Enforcement Directorate (ED), on Friday, 7 November, has launched a probe into alleged financial irregularities to the tune of ₹100 crore at the Nemom Service Cooperative Bank, Thiruvananthapuram reportedly linked to leaders of the CPI(M).

An ED team from Kochi conducted surprise inspections at the bank on Friday, intensifying scrutiny on cooperative institutions in Kerala amid the run-up to local body elections.

The move comes in the wake of sustained protests by investor groups who allege large-scale misappropriation of funds and inaction by authorities.

Earlier this year, the Crime Branch’s Eco

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