<h1>Former CEO, Manager, and Developer Held for Rs 122 Crore Embezzlement; Charges of Breach of Trust, Conspiracy</h1> Three individuals, including a former CEO and a general manager of New India Cooperative Bank, have been remanded in police custody until February 28 in connection with a Rs 122 crore embezzlement case. The Economic Offences Wing of Mumbai police is investigating the case, which involves misappropriation of funds from bank safes. The main accused, along with a real estate developer, allegedly diverted some of the embezzled money. The case was initiated following a complaint by the bank's acting CEO and involves charges of criminal breach of trust and conspiracy. The investigation was prompted by an RBI inspection.