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        <h1>Former CEO of New India Co-Operative Bank Arrested in Rs 122 Crore Embezzlement Case Involving Top Executives</h1> The Economic Offences Wing of Mumbai Police has arrested the former CEO of New India Co-Operative Bank in connection with a Rs 122 crore embezzlement case. This marks the third arrest, following the apprehension of the bank's general manager and a developer. The general manager is accused of misappropriating the funds from the bank's safe over time. The former CEO was detained after his involvement became evident during questioning. The embezzlement was uncovered during an inspection by the Reserve Bank of India.

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