https://www.taxtmi.com/news?id=60960 Alleged systemic loan irregularities at the Andaman and Nicobar State Cooperative Bank led to police and Enforcement Directorate investigations alleging fraudulent sanctioning of loans exceeding Rs 500 crore through shell company accounts, with about Rs 230 crore allegedly diverted to the chairman and associates and commissions paid for approving multiple advances in breach of banking norms; several accused face ED PMLA scrutiny while others are under judicial custody or released in the criminal case. en-us Fri, 07 Nov 2025 16:46:03 +0530 Fri, 07 Nov 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60960 Alleged systemic loan irregularities at the Andaman and Nicobar State Cooperative Bank led to police and Enforcement Directorate investigations alleging fraudulent sanctioning of loans exceeding Rs 500 crore through shell company accounts, with about Rs 230 crore allegedly diverted to the chairman and associates and commissions paid for approving multiple advances in breach of banking norms; several accused face ED PMLA scrutiny while others are under judicial custody or released in the criminal case. News - Fri, 07 Nov 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=60960