<h1>Civil Contractor Arrested in Rs 122-Crore Bank Embezzlement Case; Links to Former Bank Officials Uncovered</h1> The Economic Offences Wing of Mumbai police has arrested a civil contractor from Vadodara in connection with a Rs 122-crore embezzlement at New India Cooperative Bank. The contractor, linked to a Rs 12 crore misappropriation, was remanded in police custody until March 19. The investigation revealed connections to other accused individuals, including a real estate developer and the bank's former general manager. The fraud involved funds from the bank's Mumbai offices, and five arrests have been made so far. The bank's former chairman and his wife, both wanted, have reportedly fled abroad. Further investigations are ongoing.