Enforcement Directorate teams searched nine locations in Maharashtra’s Yavatmal district on Thursday, October 1, as part of a money-laundering investigation linked to Babaji Date Mahila Sahakari Bank. Reports by Loksatta and the Free Press Journal place the searches on that date and describe the alleged underlying fraud as worth ₹242 crore.
The investigation follows cases registered at Avdhutwadi police station. Officials cited in the reports allege that loans were approved without adequate security or assessment, and that money was subsequently diverted. Transactions involving borrowers and bank officials are under examination; those claims remain allegations.
Loksatta reported that a detailed official account of material seized in the searches was not yet available. No new arrest, conviction or recovery of the entire alleged amount is established by these reports. The searches are the current development, rather than a fresh finding that every person associated with the bank committed an offence.