New India Coop Bank embezzlement: Ex-GM would phone staffers to take cash out from safes, say cops
Hitesh Mehta, used to call two staffers, instructing them to hand over Rs 50 lakh at a time from the bank's safes to persons he sent, police officials have said. Mehta and real estate developer Dharmesh Paun have been in custody since Sunday in connection with the alleged embezzlement of Rs 122 crore from the bank that was uncovered following an inspection by the Reserve Bank of India.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
The Economic Offences Wing of the Mumbai police is probing the case.
«Mehta had access to the bank's safes as he was the custodian. The statements of two bank staffers have been recorded. They have said how they used to give cash to those sent by Mehta. These bank staffers, who are witnesses in the case, have said they handed Rs 50 lakh cash more than once to several persons,» the official said on Thursday.
The probe so far has found that a former employee of the lender wrote to RBI about the prevailing situation, he said, adding this information is being verified with the RBI.
Authorities were aware the bank was in an unhealthy state since non-performing assets (NPAs) were rising following the disbursal of money to ineligible persons, the official said.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows
