India, April 27 -- The Enforcement Directorate (ED) is probing three co-operative credit societies in Maharashtra and Andhra Pradesh for their alleged role in routing funds abroad in a Rs.1,478 crore money-laundering case linked to Rajeshwar Exports Pvt Ltd, officials said. The action follows recent searches conducted by the agency as part of an ongoing investigation into suspected illegal foreign remittances.

Two of the entities under the scanner are based in Ahilyanagar district (formerly Ahmednagar) in Maharashtra, while the third is located in Vijayawada, Andhra Pradesh.

According to the ED, individuals were allegedly enrolled as members of these co-operative societies and bank accounts were opened in their names to transfer cash de...