<h1>Mumbai Police Probes Rs 122-Crore Fraud at New India Co-Operative Bank; EOW Questions Key Figures</h1> The Economic Offences Wing (EOW) of Mumbai Police is investigating a Rs 122-crore fraud at New India Co-Operative Bank Ltd. They recently recorded the statement of the bank's former CEO and are set to question a partner from a chartered accountancy firm that audited the bank. The investigation focuses on why the embezzlement, ongoing for five years, went unnoticed. Arrests include a former bank manager and a developer linked to the fraud. Following a complaint, a case was registered, leading to the Reserve Bank of India (RBI) superseding the bank's board and imposing withdrawal restrictions to safeguard depositors' interests.