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ED Attaches Rs 121 Crore Assets in Andaman Cooperative Bank Fraud Case

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ED Attaches Rs 121 Crore Assets in Andaman Cooperative Bank Fraud Case

Analysed 11 Nov 2026·2 sources analysed·Andaman and Nicobar Islands, India·Crime
ED Attaches Rs 121 Crore Assets in Andaman Cooperative Bank Fraud CasePreviousNext

The Enforcement Directorate (ED) has attached assets worth Rs 121 crore, including two semi-submarine tourist vessels, a hotel, land parcels, and bank deposits, in connection with an alleged Rs 500-crore fraud at the Andaman and Nicobar State Cooperative Bank. A fresh chargesheet was filed on November 6 in a special PMLA court in Port Blair. Former MP and bank vice-chairman Kuldeep Rai Sharma is among the accused, with investigations revealing loans sanctioned through shell companies and properties acquired via proxies.

Political Bias
0%67%33%
Sentiment
26%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. Coverage leans balanced overall (Left 0%, Centre 67%, Right 33%). Overall sentiment is negative (26/100). Lens Score 79/100.

Outlets measured: thetribune, economictimes. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 11 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 2 sources
● Left 0%● Center 67%● Right 33%

All 2 outlets scored close to centre on political lean. The real divergence here is in emphasis, not lean — compare the headlines below to see how each outlet chose to frame the same facts.

Sentiment — Negative (26/100)

Sentiment was consistent across outlets (25–28/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

economictimes broke this story on 11 Nov, 12:10 pm. Other outlets followed.

11 Nov, 12:10 pm2 sources · 2 h11 Nov, 01:58 pm
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
Three Workers Die After Falling Into Chemical Tank at Gurugram Factory
Next →
Authorities Probe Sale of Pakistani Fairness Cream Containing High Mercury Levels
  1. 1
    economictimes11 Nov, 12:10 pm
    Andaman co-operative bank 'fraud' case: ED attaches semi-submarine tourist vessels, other assets
  2. 2
    thetribune11 Nov, 01:58 pm
    Rs 500 crore Andaman cooperative bank fraud: ED attaches assets worth Rs 121 crore, files fresh chargesheet

Accountability flags

TBN's analysis identified the following accountability dimensions in this story.

  • financial irregularity

    This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

  • abuse of power

    This story involves alleged misuse of official authority or institutional position to achieve personal or political ends.

Who's involved

Institutions and figures named across source coverage.

Government
Prevention of Money Laundering Act CourtEnforcement DirectorateCrime and Economic Offences Cell of the Andaman and Nicobar Police
Corporate
Heyday Hospitality Services Private LimitedAndaman Escapades Private LimitedAndaman and Nicobar State Co-operative BankAndaman and Nicobar State Cooperative Bank
Political
Indian National Congress
Enforcement
Enforcement DirectorateCrime and Economic Offences Cell of the Andaman and Nicobar Police
Judiciary
Prevention of Money Laundering Act Court

Story context

Category
Crime
Location
Andaman and Nicobar Islands, India
Sources analysed
2
Last analysed
11 Nov 2026
Key entities
Enforcement DirectorateCooperative bankingChargesheetFraudCroreIndian rupeeAndaman and Nicobar IslandsMoney launderingCroatiaKuldeep Rai SharmaMember of parliamentHotel