Cooperative Bank Scandal

Scandal exposing governance failures in Indian cooperative banks

1. Mumbai New India Cooperative Bank INR 122 Million Embezzlement Case

2. Jurisdiction: India (February 2025)
3. Original Case: New India Cooperative Bank Rs 12.2 Crore Embezzlement Case
4. VictimsNew India Cooperative BankBank depositorsDefendantsHitesh MehtaPlaintiffsReserve Bank of IndiaInvestigatorsMumbai Police Economic Offences WingProsecutorsNoneDefense AttorneysNonePlaintiff AttorneysNoneJudgesNoneInstitutionsNew India Cooperative BankReserve Bank of IndiaMumbai Police Economic Offences Wing
5. Case Tags: Embezzlement;Bank Fraud;White-Collar Crime;Cooperative Bank Scandal