Another arrest in New india Co-operative bank scam case!
Another arrest has been made in the New india Co-operative bank Scam case. In this case, EOW has arrested the developer. The name of the arrested developer is being told as Dharmesh Paun. Investigation revealed that Dharmesh had taken Rs 70 crore out of the Rs 122 crore embezzled in this case. EOW said that Dharmesh received Rs 1.75 crore in May and december 2024 and Rs 50 lakh in january 2025 from the main accused General Manager hitesh Mehta. In this case, yesterday the police arrested hitesh Mehta after a long interrogation.
Hitesh Mehta has also been arrested
The Economic Offences Wing (EOW) arrested the bank's general manager hitesh Mehta as part of the investigation into the New india Co-operative bank scam. He is accused of embezzling Rs 122 crore. The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) had imposed several restrictions on february 13 due to irregularities in the bank, due to which the customers of the bank are facing serious problems.
The scam happened between 2020 and 2025
According to the complaint, this fraud took place between 2020 and 2025. A bank official informed the Economic Offences Wing that irregularities have been found in the bank's books of account and cash tally. Investigation revealed that there were irregular withdrawals of money in Dadar and Goregaon branches, behind which hitesh Mehta was said to be involved.
RBI's decision shocks customers
Due to the restrictions imposed on the bank's business by the RBI, now the bank cannot issue any new loan nor can it accept new deposits from customers. Due to this, 1.3 lakh account holders are facing difficulties in withdrawing their deposited money. Efforts are being made to bring the bank back into operation so that the depositors can get relief.
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