TaxTMI 
TaxTMI 
ED raids in Kerala investment 'fraud' case'
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....D raids in Kerala investment 'fraud' case'<BR>PMLA / Black Money<BR>Dated:- 5-2-2026<BR>PTI<BR>Thiruvananthapuram, Feb 5 (PTI) The Enforcement Directorate on Thursday conducted searches in Kerala agai....
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....nst the promoters and key functionaries of the Nedumparambil Credit Syndicate Group as part of an alleged investment fraud linked money laundering probe, officials said. The federal probe agency has....
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.... booked a case under the Prevention of Money Laundering Act (PMLA) taking cognisance of a clutch of FIRs filed by the state police on charges of fraud with depositors by collecting funds on the promis....
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....e of high returns. Preliminary investigation shows that several depositors across Kerala were induced to invest substantial amounts, which were neither repaid nor yielded the promised returns, accor....
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....ding to ED officials. Bank account analysis of group entities indicates financial transactions, diversion of funds to multiple related entities, and significant cash withdrawals, they alleged. The....
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....se funds are also suspected to have been invested in immovable properties in the state, the officials said. PTI NES DV DV<BR> News - Press release - PIB....