The Enforcement Directorate (ED) has started a probe into the promoters and key officials of the Nedumparambil Credit Syndicate (NCS) Group. They are accused under the Prevention of Money Laundering Act (PMLA), 2002 for cheating depositors. The group allegedly collected funds by promising high returns but failed to repay them. Kerala Police filed several FIRs under Section 420 of the Indian Penal Code, which deals with cheating and dishonest delivery of property. Early investigations found that many depositors from Kerala invested large sums which were never returned. Bank account analysis linked to NCS Group showed massive financial transactions. Funds were diverted to related groups and huge cash withdrawals were made. Investigators also suspect some money was used to buy properties across Kerala. ED conducted searches under Section 17 of the PMLA to collect documents, digital records, and other proof to trace the crime proceeds. Officials said the investigation is ongoing and more details would emerge soon.