Goa, May 9 -- The Enforcement Directorate conducted search operations at six locations across Goa in connection with an alleged Rs.6.19 crore loan fraud case involving Central Trading Corporation (CMTC) and its associates.

According to officials from the agency's Panjim zonal office, the searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA) as part of an ongoing investigation into suspected financial irregularities and money laundering activities.

During the raids, investigators reportedly recovered cash amounting to Rs.67.50 lakh. Officials also seized documents linked to property transactions, along with several digital devices believed to contain evidence relevant to the probe.

The ED is exa...