<h1>Former Bank Officials Wanted for Embezzling Rs 122 Crore; Investigations Uncover Extensive Property Holdings</h1> The former chairperson and vice chairperson of New India Co-Operative Bank are wanted for embezzling Rs 122 crore, currently under investigation by Mumbai police's Economic Offences Wing. The couple, now abroad, are among four individuals sought in the case. The embezzlement surfaced following an RBI inspection. Arrests include the bank's former general manager, CEO, and a real estate developer. Investigations revealed financial transactions involving the embezzled funds, with plans for a forensic psychological test on the general manager. The probe uncovered the general manager's extensive property holdings, which authorities aim to seize.