New Delhi. The case of scam of Rs 122 crore has been exposed in New India Co-operative Bank. An FIR has been lodged on the charge of embezzlement of this amount, Hitesh Praveenchand Mehta, former general manager of the bank. While holding the post of general manager of the bank, Hitesh used to handle the responsibility of Dadar Dadar and Goregaon branch of Mumbai. Hitesh is accused of misusing his post and embezzled Rs 122 crore from the accounts of both the bank’s branches. The Chief Accounts Officer of the bank has lodged an FIR at Dadar Police Station.
#Breaking: An Fir has been filled at dadar police station against New India Cooperative Bank’s General Manager, Hitesh Mehta, for Embezzling ₹ 122 Crore. The case has been handed over to Mumbai’s economic offenses wing for investment pic.twitter.com/lr0c5wqlio
– IANS (@ians_india) February 15, 2025
According to the complaint lodged with the police, this scam in the bank has been done between 2020 and 2025. At the same time, the police suspect that apart from Hitesh, other people are also involved in this scam. At present, the police have transferred the investigation to the Economic Offex Wing (EOW) due to the seriousness of the case. Let us tell you that due to financial irregularities, the Reserve Bank has banned New India Co-operative Bank for 6 months on transactions. On the other hand, a large number of account holders are still gathered outside the bank branches. People want to withdraw their money deposited in the bank, but due to the ban of the Reserve Bank, this is not possible at the moment.
At the same time, one information has also come out that out of 1.3 lakh account holders of this bank, there are more than 90 percent account holders whose accounts are deposited up to five lakh rupees. In such a situation, these account holders will get their entire deposit through insurance. It is worth noting that the Deposit Insurance and Credit Guarantee Corporation (DICGC) insures the account holders up to Rs 5 lakh. If the bank sinks, the holders will get back up to 5 lakhs.
