<h1>ED files PMLA complaint over Rs 500 crore cooperative bank loan fraud involving ex-MP, officials, shell firms</h1> The Enforcement Directorate has filed a prosecution complaint under the Prevention of Money Laundering Act before a special court in Port Blair against 39 accused, including a former Member of Parliament, senior officials of the Andaman and Nicobar State Cooperative Bank, other individuals, and several companies. Authorities allege that bank officials, in collusion with associates, created and used shell and related companies to fraudulently obtain and disburse loans through more than 100 loan accounts, violating internal rules and procedures. The alleged scheme caused losses exceeding Rs 500 crore to the bank and generated unlawful gains for the accused, some of whom are under arrest and in judicial custody.