New Delhi, July 31 -- Directorate of Enforcement (ED) has conducted its first ever search operation on 31.07.2025 in the Andaman Nicobar Islands in the Andaman Nicobar State Cooperative Bank (ANSCB) fraud. Searches are being conducted at 9 places in and around Port Blair and 2 places in Kolkata.

2.During the course of searches at Port Blair, various incriminating documents have been recovered pointing towards large scale irregularities in the grant of loans and overdraft facilities by ANSC Bank. Evidence collected so far indicates that loan facilities were extended to various shell companies/ firms by ignoring the laid down procedures and guidelines of the bank.

3.Searches have also revealed that a group of around 15 entities/ companies...