ED searches seven premises in Hyderabad over alleged ₹326-crore bank fraud
The Enforcement Directorate inspected seven locations in Hyderabad as part of a probe into a suspected fraud that cost a group of banks about ₹326.5 crore. Authorities allege that the scheme involved the Punjab National Bank‑led consortium, including IDBI Bank, Union Bank of India, the former Andhra Bank and Bank of Baroda, prompting a large‑scale financial investigation.