Informative

Ex-CEO of New India Cooperative Bank arrested in Rs 122-crore embezzlement

Update / Judgement Date

21 Feb 2025

Source

India Today

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingCriminal Law

The former CEO of New India Cooperative Bank, Abhimanyu Bhoan, has been arrested by Mumbai police. This arrest is related to alleged financial irregularities and raises concerns about corporate governance. It underscores the importance of accountability in the banking sector.

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Ex-CEO of New India Cooperative Bank arrested in Rs 122-crore embezzlement

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