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<h1>Former Bank Chairman and Wife Declared Offenders in Rs 122 Crore Embezzlement Case Under New Bharatiya Nagarik Suraksha Sanhita</h1> A Mumbai court has declared New India Cooperative Bank's former chairman and his wife as proclaimed offenders in a Rs 122 crore embezzlement case. The court also permitted police to attach 21 properties worth Rs 167.85 crore belonging to five accused, marking the first such action under the new Bharatiya Nagarik Suraksha Sanhita in Mumbai. The former chairman and his wife fled the country separately before the scandal emerged in February. The Economic Offences Wing has arrested eight individuals, including the bank's former general manager and CEO. Investigators discovered that many non-performing loan accounts were sold to an asset reconstruction company at significantly reduced values.