The Economic Offences Wing (EOW) of the Mumbai police on Saturday arrested Hitesh Mehta Saturday, the former general manager and head of accounts of city-based New India Cooperative Bank, in a Rs 122 crore funds embezzlement case. Mehta will be produced before court tomorrow.
The EOW also raided his Dahisar residence and seized certain documents.
The case against Mehta was registered two days after the Reserve Bank of India (RBI) imposed restrictions on the bank over alleged financial irregularities. Mehta was booked after Devarshi Shishir Kumar Ghosh, 48, the bank’s chief executive officer, filed a complaint against him, the police said.
