JSCB Scam / ED Raid in Odisha, Jharkhand: 7 Locations Under Scanner

Bhubaneswar, Sept 18: The Enforcement Directorate (ED) has launched a major search operation at seven locations in connection with alleged financial irregularities involving a Jharkhand-based businessman.

The ED is conducting searches at multiple locations, including Bhubaneswar, Sundargarh and Sambalpur in Odisha, as part of its investigation into an alleged money laundering case linked to the Jharkhand State Co-operative Bank.

The searches are reportedly linked to businessman Sanjay Kumar Dalmia and allegations of financial irregularities involving the Seraikela branch of the Jharkhand State Co-operative Bank.

ED teams are carrying out searches at residential premises, office establishments and business units linked to the ongoing investigation. The operation is being conducted across seven locations in Odisha and Jharkhand.

The agency is investigating alleged fund diversion and financial irregularities connected to the co-operative bank case. Further details regarding the documents or other materials recovered during the searches are awaited.

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The ED's action comes as part of its ongoing money laundering investigation under the Prevention of Money Laundering Act (PMLA).

Further details are expected once the search operations are completed.

The Enforcement Directorate is conducting searches at seven locations across Jharkhand and Odisha in connection with the Jharkhand State Co-operative Bank scam.

The searches under Section 17 of the PMLA are part of an ongoing probe into an alleged large-scale fraud involving… pic.twitter.com/3mnT9cPIHf

— Argus News (@ArgusNews_in) September 18, 2026