Mumbai: The Economic Offence Wing of the Mumbai Police on Saturday took Hitesh Mehta, an ex employee of the New India Cooperative Bank for questioning in the Rs 122 crore funds embezzlement case.
As per the sources to TV9 Network, Mahta, who used to work as general manager at the bank , has not been able to provide satisfactory answers to the officials during the questioning. The questionnaire of the police is based on the complaint filed at the Dadar Police Station and the statement of New India Cooperative Bank’s acting Chief Executive Officer Debashree Ghosh.
Financial embezzlement was on since 2020
The investigation so far has revealed that this financial embezzlement was going on between the years 2020 and 2025.The role of the bank auditor of that time is also under suspicion. Two auditors have also been summoned in the case.
The Mumbai Police is also looking at the likely role of four other officials in the bank, who used to work with Mehta in the accounts department. Mehta is believed to have keys to the treasury of both Prabhadevi and Goregaon branches. Mehta and his team used to keep the account of all the expenses and deposits of all the branches of the bank in Maharashtra and Gujarat, sources added further.
Police raids Mehta’s residence
Earlier in the day, police had also raided the residence of Mehta in Dahisar and seized some documents, ‘The Indian Express’ reported. The case was registered against Mehta, after restrictions were imposed by the Reserve Bank of India on the bank. A case was registered against him after the bank filed a complaint against him. In its complaint, the bank said that Mehta and his accomplice, who is yet to be named, were trusted employees but the two allegedly entered into a conspiracy for the embezzlement of Rs 122 crore.
