In a major development, the Enforcement Directorate (ED) on Wednesday carried out its first-ever search operation in the Andaman & Nicobar Islands, targeting a large-scale fraud involving the Andaman Nicobar State Cooperative Bank (ANSCB). The agency conducted searches at nine locations in and around Port Blair and two sites in Kolkata and recovered significant evidence of financial irregularities. According to ED officials, various incriminating documents were recovered from Port Blair, indicating widespread violations in the sanctioning of loans and overdraft facilities by the cooperative bank.
