The Enforcement Directorate (ED) has filed its first charge sheet in the Karuvannur Cooperative Bank Money laundering case in Kerala, naming 55 accused entities. The charge sheet contains more than 10,000 pages and includes documents and annexures. The ED has attached over 120 assets worth Rs 100 crore in the case so far. The investigation found that loans were disbursed by the bank manager to non-member benamis using the properties of poor members, and the funds were laundered for the benefit of the accused. Four people have been arrested in connection with the case.

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