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Mumbai police arrest contractor Dedhia over ₹122-crore embezzlement at New India Cooperative Bank.
The Mumbai Police's Economic Offences Wing (EOW) has arrested civil contractor Kapil Dedhia in connection with a ₹122-crore embezzlement case at the New India Cooperative Bank.
Dedhia was caught in Vadodara and brought to Mumbai, where he was remanded to police custody until March 19.
The embezzlement occurred at the bank's Mumbai offices.
Five people have been arrested so far, and several others, including the bank's former chairman and his wife who fled abroad, are named as wanted accused.
The Reserve Bank of India has also imposed a six-month transaction ban on the bank.
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La policía de Mumbai arresta al contratista Dedhia por una malversación de fondos en el New India Cooperative Bank.