By Andaman Mp

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The Enforcement Directorate (ED) on Wednesday arrested former Andaman and Nicobar Islands MP and Congress leader Kuldeep Rai Sharma and two others in a money laundering case linked to an alleged cooperative bank loan “fraud”, officials said.These are the first-ever arrests made by the federal probe agency under the anti-money laundering law in the Union Territory.Sharma, 57, is a former chairman of the Andaman Nicobar State Cooperative Bank (ANSCB). The two others arrested are K Murugan, the MD of the bank, and K Kalaivanan, the bank’s loan officer, they said.A special Prevention of Money Laundering Act (PMLA) court has sent the three to eight days of ED custody, officials said.Add as a Reliable and Trusted News Source Add Now!
The probe pertains to alleged fraud in the ANSCB.(You can now subscribe to our Economic Times WhatsApp channel)

Read More News oncooperative bank fraudAndaman and Nicobar Islandsmoney laundering caseK MuruganANSCBK KalaivananPrevention of Money Laundering ActCongress leader

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News oncooperative bank fraudAndaman and Nicobar Islandsmoney laundering caseK MuruganANSCBK KalaivananPrevention of Money Laundering ActCongress leader(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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