<h1>Non-bailable warrant for ex-bank chairman and wife in Rs 122 crore embezzlement; EOW arrests seven, more expected.</h1> A local court in Mumbai has issued a non-bailable warrant against the former chairman of New India Cooperative Bank and his wife, who fled the country amid a Rs 122 crore embezzlement investigation. The Economic Offences Wing (EOW) has arrested seven individuals connected to the case, with further arrests expected. The couple left India in late January and early February, prompting a 'Blue Corner Notice' to facilitate their location. Investigations revealed funds were siphoned from the bank's Mumbai offices, and a polygraph test on a former bank manager suggested possible deception. The probe continues to uncover additional suspects.