Hitesh Mehta, General Manager of New India Cooperative Bank, detained by EOW in Rs 122 crore fraud case. Several of his colleagues, including senior officials from the bank’s accounts department, have been named in the case. The fraud is said to have taken place between 2020 and 2025. Reserve Bank of India (RBI) on Thursday imposed restrictions on New India Co-operative Bank due to liquidity concerns. Effective from February 13, 2025, the bank has been barred from allowing withdrawals, though customers can adjust loans against deposits. However, essential operational expenses, including salaries, rent, and utility bills, will still be permitted. The investigation is now being handled by the EOW under the supervision of DCP Mangesh Shinde, who oversees financial crimes related to the banking sector. For confidential support on suicide matters call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255.
Hitesh Mehta, General Manager of New India Cooperative Bank,….
