Mumbai, Feb 16 (IANS) Hitesh Mehta, the General Manager of New India Cooperative Bank, arrested in connection with a Rs 122 crore financial fraud case, was on Sunday sent to the custody of the Economic Offences Wing (EOW) of the Mumbai Police till February 21 for questioning, tracing money trail and collection of evidence. Mehta … Read more
New Delhi, Feb 16 (IANS) Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI’s approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank of Maharashtra’s first unit for offshore banking operations from India. Bank of Maharashtra Managing … Read more
Mumbai, Feb 15 (IANS) The Economic Offences Wing (EOW) of the Mumbai Police on Saturday arrested Hitesh Mehta, General Manager of New India Cooperative Bank, in connection with a Rs 122 crore financial fraud case. The arrest came after several hours of questioning. This marks the first major action following the Reserve Bank of India’s … Read more
Kochi, Feb 15 (IANS) A day after a daring daylight bank heist at the Federal Bank branch in Pota, near Chalakudy, Thrissur, police are yet to make a breakthrough despite extensive efforts. However, investigators are confident of cracking the case soon. On Friday, an unidentified man armed with a knife stormed into the branch and, … Read more
Mumbai, Feb 15 (IANS) The Economic Offences Wing (EOW) of Mumbai Police has detained Hitesh Mehta, General Manager of New India Cooperative Bank, in connection with a Rs 122 crore financial fraud case. On Saturday, EOW officials conducted a raid at Mehta’s residence in Dahisar, Mumbai, at Aryavrat Society, NL Complex. Following the search at … Read more
Mumbai, Feb 15 (IANS) The Enforcement Directorate’s (ED) zonal office in the city conducted search operations at multiple locations linked to One World Creations Private Limited (OCPL) over alleged bank fraud, under the provisions of the Prevention of Money Laundering Act (PMAL) 2002. The central agency conducted searches at the company’s eight premises in the … Read more
Mumbai, Feb 15 (IANS) Two days after the Reserve Bank of India (RBI) imposed restrictions on the operations of New India Cooperative Bank, a First Information Report (FIR) has been registered at the Dadar Police Station in Mumbai, alleging financial embezzlement within the bank. The complaint, filed under relevant sections of the Bharatiya Nyay Sanhita … Read more
Thrissur, Feb 14 (IANS) In a broad daylight bank heist, a man armed with a knife stormed into the Federal Bank branch at Pota, near Chalakudy, Thrissur, around 2:15 p.m. on Friday and made off with approximately Rs 15 lakh after threatening the bank staff. According to eyewitness accounts and CCTV footage, the suspect arrived … Read more
Mumbai, Feb 14 (IANS) The Reserve Bank of India’s (RBI) restrictions on New India Co-operative Bank, located in Bandra, Mumbai, have triggered panic among customers, who are now unable to access their deposits. People are queuing up outside the bank to withdraw their deposits. On Friday morning, customers received messages informing them of the RBI’s … Read more
