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Mumbai LIVE: New India Coop Bank ex-chairman, wife now proclaimed offenders

Updated On: 03 April, 2025 10:21 PM IST | Mumbai | mid-day online correspondent

Mumbai News LIVE Updates: A court in Mumbai has declared New India Cooperative Bank's former chairman Hiren Bhanu and his wife Gauri Bhanu as proclaimed offenders in connection with the Rs 122 crore embezzlement case, a police official said on Thursday. The same magistrate's court has also allowed the police to attach 21 properties, including a Rs 150-crore Slum Rehabilitation Project, worth Rs 167.85 crore of five accused in the case, marking the first such action in the city after the new criminal laws came into force. We are closing the LIVE blog now

The Mumbai Police has so far arrested eight persons, including the bank's former general manager Hitesh Mehta and former CEO Abhimanyu Bhoan. Representational pic

The Mumbai Police has so far arrested eight persons, including the bank's former general manager Hitesh Mehta and former CEO Abhimanyu Bhoan. Representational pic