Ex-New India Co-Op Bank GM Booked for ₹122 Crore Fraud Mumbai – Former New India Co-Operative Bank GM Hitesh Mehta has been booked for allegedly embezzling ₹122 crore from the bank’s treasury between 2020 and 2025. The EOW is investigating after a complaint by the bank’s Chief Accounts Officer. Following the fraud, the RBI imposed restrictions on the bank, freezing withdrawals and superseding its board. Shreekant (ex-SBI GM) has been appointed as Administrator. A forensic audit is underway. Stay tuned to News Locket for updates. Credit: https://news.abplive.com #BankFraud #Mumbai #RBI #NewIndiaCoOpBank #BreakingNews