New Delhi, July 31 -- The Enforcement Directorate (ED) on Thursday conducted its first-ever search operation in the Union Territory of Andaman and Nicobar Islands on Thursday in connection with an alleged Rs 200 crore loan fraud case involving the Andaman Nicobar State Cooperative Bank (ANSCB).

The raids were carried out at nine locations in and around Port Blair and two in Kolkata as part of the investigation into alleged irregularities in loan and overdraft disbursals by ANSCB.

As per officials privy to the development, incriminating documents recovered during the operation point to widespread violations in the sanctioning of loans and overdraft facilities.

"Evidence collected so far indicates that loan facilities were extended to va...