NEW The Hindu
Fri 25 Sep 2026 02:30:03 PM
ED searches Arafa Gold premises in Kollam, Thiruvananthapuram in alleged bank loan fraud
SUMMARY
The Enforcement Directorate (ED) conducted raids at Arafa Gold premises in Kollam and Thiruvananthapuram, Kerala, in connection with an alleged bank loan fraud case. The jewelry firm is accused of defrauding banks by obtaining loans through forged documents and fake gold pledges. Multiple locations were searched, and documents and digital evidence were seized. The case involves significant financial irregularities.
Relevant For:
Prelims + Mains
GS - II
Polity & Governance
Focus Area
Enforcement Directorate
Prevention of Money Laundering Act
Bank Fraud
Financial Crimes
CBI Investigation
Loan Fraud
Banking Regulation
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