Mumbai, 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 deposits into shell entities. The funds were subsequently remitted abroad under the guise of import-export transactions. Preliminary findings suggest that around Rs.200 crore was routed. The agency has also identified the role of bullion traders, whose transactions were allegedly used as a front to facilitate the movement of funds. Searches carried out last week led to the seizure of incriminating documents and digital devices, officials said. The ED initiated its probe based on an FIR registered at NM Joshi Marg police station against businessman Ritesh Jain and others for alleged criminal conspiracy, cheating and creation of shell entities for siphoning of funds....