Abhimanyu Surender Bhon, former Chief Executive Officer (CEO) of the bank was arrested by the Financial Offenses Branch in connection with the New India Cooperative Bank robbery. This is the third arrest in the INR 122 crore scam case.
It is alleged that from time to time Bhon was getting a share in the case of withdrawals from the bank. Earlier, the bank's general manager and chief accountant Hitesh Mehta and construction businessman Dharmesh Paun were arrested by the Economic Offenses Wing. Mehta is accused of embezzling INR 122 crore from the bank's treasury.
It is alleged that Paun, a builder, received INR 70 crore from the embezzlement through General Manager Hitesh Mehta. Accused Paun had confessed about this to the officials of Reserve Bank of India. Both the accused were produced before the court on Sunday and were remanded in police custody till February 21. The identity of the third accused in this case has been identified and investigation is going on regarding his involvement.
The Financial Crimes Branch had arrested Hitesh Mehta (57), the general manager of the bank, on Saturday in connection with the embezzlement of INR 122 crore. Based on the information received from him, construction businessman Dharmesh Paun was detained by the Financial Offenses Branch on Saturday night. He was arrested in this case on Sunday. Paun resides in Shreeji Sharan building in Kandivali West. Paun received INR 70 crore of the INR 122 crore embezzlement from accused General Manager Mehta. This type has been going on since 2019 and Mehta was using the amount he was paying in the construction business.
Accused Paun received 1 crore 75 lakh rupees in December 2024 and INR 50 lakh in January 2025 through Mehta. INR 70 crore rupees from this misappropriation is in the possession of Paun and both the accused have confessed to the RB officials.
A person named Unnathan Arunachalam alias Arun Bhai has also been accused in this case. In this entire case, INR 122 crores kept in the vaults of branches at Prabhadevi and Goregaon were embezzled. Police are investigating whether other employees of the bank helped in it. Meanwhile, when both the accused were produced before the vacation court on Sunday, Mehta and Paun were sent to police custody till February 21.
A case was registered by the Dadar Police under Section 316 (5), 61 (2) of the Indian Judicial Code on Saturday morning on the basis of a complaint filed by the in-charge Chief Executive Officer Devarshi Ghosh. A case has been registered against Hitesh Mehta and it is alleged that the accused and his accomplices hatched a criminal conspiracy and embezzled INR 122 crore.
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