BENGALURU: The Directorate of Enforcement (ED) sleuths on Thursday conducted raids in connection with the Shushruti Co-operative Society fraud case in Bengaluru.
According to sources, raids were carried out at more than ten locations across the city. Earlier, in 2022, the Bengaluru Central Crime Branch (CCB) had registered a case against the Shushruti Co-operative Society. Following its investigation, the CCB had arrested several individuals.
The society was established by N. Shrinivasa Murthy, who later appointed several of his family members as directors and members. The case was filed after it was found that the society had issued loans to insiders and failed to return money to depositors.