TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>EOW Probes Major Embezzlement at New India Cooperative Bank; Vault Misreported Rs 122 Crore, Auditors Under Scrutiny</h1> The Economic Offences Wing (EOW) of Mumbai Police is investigating a significant embezzlement case at New India Cooperative Bank's Prabhadevi branch, where discrepancies were found between the reported and actual cash in the vault. The branch's vault, with a capacity of Rs 10 crore, falsely reported Rs 122 crore during an RBI inspection. Three individuals, including two former bank executives, have been arrested. The investigation revealed that auditors failed to detect the missing funds, prompting the EOW to summon representatives from auditing firms involved from 2019 to 2024. The RBI has taken control of the bank's board, appointing an administrator.
TaxTMI 
TaxTMI 
