New India Bank Scam – Fraud of 122 crores: Non -bailable warrant against former chairman of New India Co -operative Bank – New India Bank Scam 122 Crore Fraud Case Non Bailable Warrant ISUED Against Ex Chairman and HIS WIFE OPNM2

A local court has issued a non-bailable warrant (NBW) against former New India Co-operative Bank chairman Hiren Bhanu and his wife Gauri Bhanu in the case of fraud of Rs 122 crore. Both of them fled the country just before this case came to light. The Economic Offenses Branch (EOW) of the Mumbai Police investigating the case has so far arrested seven people.

An official said, “Former bank chairman and vice chairman Hiren Bhanu and his wife Gauri Bhanu are the desired accused in the matter. They left the country on 26 January and 10 February respectively.

According to EOW, the court has issued a non-bailable warrant against the couple. The investigation team could not find the couple at their known address. His own and rented apartments were searched in South Mumbai. Another accused Unanathan Arunachalam was hidden in Bihar before he was arrested. Police have said that 122 crore were extracted from the chests of Prabhadevi and Goregaon offices of the bank in Mumbai.

Hitesh Mehta, former general manager and accountant head of the bank, was arrested on 15 February. After this, six other accused were detained. Last week, Mumbai Police conducted Mehta’s polygraph test. Test results indicate possible fraud in Mehta’s answers. Officers are investigating further financial transactions and involvement of more persons in the large -scale scam.

Let us tell you that Javed Azam, a businessman in this case, was arrested late on Monday night. An official had said, “During the investigation, EOW found that Javed Azam got 18 crores through Unnathan Arunachalam, one of the arrested accused. Azam does the business of electrical goods .. Unnahanathan Arunachalam associated with similar business came in contact some time ago.

He said that in the investigation, it has been found that Unnahan and his father Manohar Arunachalam have rigged Rs 33 crore from the bank. Hitesh Mehta, former general manager of the bank and head of accounts, who is the main accused in this case, gave Rs 15 crore to Manohar in the year 2019. After that he gave 18 crore rupees in his office, which was handed over to Azam. Apart from this, some more people have also been nominated as desired.