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Ex-CEO of New India Cooperative Bank arrested in Rs 122-crore embezzlement

Summary by India Today
Mumbai Police’s Economic Offences Wing arrested ex-CEO Abhimanyu Bhoan in a Rs 122 crore fraud at New India Cooperative Bank. Investigators are probing missing cash from the bank’s vault. Key accused Unnathan Arunchalam remains at large.

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NDTV Profit broke the news in on Friday, February 21, 2025.
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