<h1>Federal agency arrests a former MP and cooperative bank officials under PMLA over alleged loan fraud at the bank</h1> A federal agency arrested a former MP and party leader and two cooperative bank officials under the anti-money laundering statute in a case alleging loan fraud at the territory's state cooperative bank; the arrested include the bank's former chairperson, its managing director and a loan officer. The detentions mark the first use of the anti-money laundering law by the agency in the Union Territory. A special PMLA court remanded the three to eight days of agency custody while the probe continues.