- विज्ञापन -
Mumbai: Following the Reserve Bank of India’s (RBI) decision to restrict the operations of New India Cooperative Bank, a First Information Report (FIR) has been lodged at the Dadar Police Station in Mumbai, alleging financial misconduct within the institution.
The complaint was submitted by Devarshi Shishir Kumar Ghosh, 48, the Acting Chief Executive Officer (CEO) of the bank, under relevant sections of the Bharatiya Nyay Sanhita (BNS). The main accused is Hitesh Mehta, the bank’s General Manager, along with several colleagues, including another General Manager and the Head of Accounts.
According to the FIR, the accused are alleged to have exploited their official roles, conspired, and embezzled Rs 122 crore from the bank.
The investigation has been handed over to the Economic Offences Wing (EOW) of the Mumbai Police, supervised by DCP Mangesh Shinde, who is responsible for banking-related financial crimes.
The RBI imposed restrictions on the bank due to concerns over its supervision and liquidity. Effective from February 13, 2025, these restrictions prevent the bank from allowing withdrawals but permit loan adjustments against deposits. However, essential expenses such as employee salaries, rent, and utility bills can still be paid.
The RBI has expressed concerns regarding the bank’s financial health, raising doubts about its liquidity. As a result, depositors are prohibited from withdrawing funds from their savings, current, or any other accounts.
Additionally, the bank is not permitted to sell any of its assets. These restrictions will remain in place for six months. The situation has led to panic among depositors, many of whom rushed to the bank’s branches only to find they could not access their funds.
