Enforcement Directorate Raids Kerala Over Investment Fraud Case

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ED Raids Nedumparambil Credit Syndicate in Kerala Investment Fraud Probe

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News18•05-02-2026, 13:15

ED Raids Nedumparambil Credit Syndicate in Kerala Investment Fraud Probe

•The Enforcement Directorate (ED) conducted searches in Kerala against Nedumparambil Credit Syndicate Group.
•The raids are part of a money laundering probe linked to an alleged investment fraud.
•The ED initiated the PMLA case based on multiple FIRs filed by Kerala police.
•Depositors were allegedly defrauded by collecting funds with promises of high returns, which were not honored.
•Investigation reveals diversion of funds, significant cash withdrawals, and suspected investment in immovable properties.

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