Lookout notice against businessman in Rs 122 crore New India Co-op Bank fraud

Lookout notice against businessman in Rs 122 crore New India Co-op Bank fraud

The lookout circular was issued after Hitesh Mehta, former general manager at the bank, revealed that he gave Rs 40 crore out of the Rs 122 crore siphoned to the businessman.

Kirit Somaiya seeks ED probe into New India Cooperative Bank fraud

Mumbai, Feb 20 (IANS) BJP leader and former MP Kirit Somaiya on Thursday urged the Enforcement Directorate (ED) to investigate the New India Cooperative bank fraud case. In a letter addressed to ED Director Rahul Navin, Somaiya said, “Reserve Bank of India (RBI) has issued a notice to New India Cooperative Bank Limited, Mumbai, restricting […]

New India Co-operative Bank scam: Did RBI fail to prevent the Rs 122-Crore fraud?

New India Co-operative Bank scam: RBI was aware of the irregularities at the bank since May 2021, yet it failed to prevent the misappropriation of Rs 122 crore

The Inside Story Of Mumbai-Based New India Cooperative Bank's Rs 122 Crore 'Scam' - HW News English

Last week, visuals of anxious depositors lining up outside branches of Mumbai-based New India Cooperative Bank went viral on social media. This, after RBI imposed curbs on withdrawal and loans based on the bank’s poor financial health. Meanwhile, on Sunday accused and bank’s branch manager Hitesh Mehta and Dharmesh Paun were sent to police custody till 21 February. The duo was presented before the court following their arrests by the Economic Of…