New Delhi, Oct. 1 -- The Enforcement Directorate (ED) is conducting search operations at nine different locations in the Yavatmal district of Maharashtra in connection with its ongoing Rs 242 crore money laundering case.

The case is based on multiple First Information Reports (FIRs) registered by Avdhutwadi Police Station in Yavatmal against officials and employees of Babaji Date Mahila Sahakari Bank and its borrowers.

ED's Mumbai zone conducted the search operations in close coordination with the security forces based on certain inputs.

Babaji Date Mahila Sahakari Bank Ltd, Yavatmal, was originally registered under section 9(1) of the Maharashtra Coop Societies Act, 1960. The licence of the bank was cancelled by the Reserve Bank of In...