The Headlines – New India Cooperative Bank fraud: General manager remanded in police custody until February 21

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The Headlines – New India Cooperative Bank fraud: General manager remanded in police custody until February 21

A Mumbai court has remanded Hitesh Mehta, a former general manager of New India Cooperative Bank, and Dharmesh Paun in police custody until February 21 for allegedly misappropriating Rs 122 crore. The Reserve Bank of India has taken control of the bank’s board and imposed withdrawal restrictions amid ongoing investigations.

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