📷 Image: Wikimedia Commons / 4T15.D3
Crime
ED Searches Seven Sites in Jharkhand, Odisha Over Alleged JSCB Saraikela Fraud
✍️ jharkhandstatenews.com
🗓 20 Sep 2026, 05:38 AM
👁 11
The Enforcement Directorate carried out searches at seven locations in Jharkhand and Odisha as part of an investigation into alleged fraud at the Saraikela branch of JSCB. The agency is examining possible financial irregularities at the cooperative bank.
The Enforcement Directorate (ED) conducted searches at seven different locations spread across Jharkhand and Odisha recently. The searches were carried out in connection with an alleged fraud case involving the Saraikela branch of the Jharkhand State Cooperative Bank (JSCB).
Officials said the operation aimed to gather documents and electronic records linked to the suspected financial irregularities. The agency has not disclosed the exact places searched, confirming only that they span the two states.
JSCB’s Saraikela branch has been under scrutiny after complaints surfaced regarding possible misuse of funds and irregular lending practices. The ED’s action follows preliminary inquiries that indicated potential violations of banking norms.
As of now, no arrests have been made and the investigation is ongoing. The ED will analyse the seized material to determine the extent of the alleged fraud and decide on further legal steps.
Officials said the operation aimed to gather documents and electronic records linked to the suspected financial irregularities. The agency has not disclosed the exact places searched, confirming only that they span the two states.
JSCB’s Saraikela branch has been under scrutiny after complaints surfaced regarding possible misuse of funds and irregular lending practices. The ED’s action follows preliminary inquiries that indicated potential violations of banking norms.
As of now, no arrests have been made and the investigation is ongoing. The ED will analyse the seized material to determine the extent of the alleged fraud and decide on further legal steps.