https://www.taxtmi.com/news?id=34199 A senior accounts head is accused of conspiring with associates to embezzle cash from branch safes, prompting a complaint by the acting chief executive and an Economic Offences Wing investigation that registered offences under Criminal Breach of Trust and Criminal Conspiracy; the accused was arrested after questioning. The central regulator imposed supervisory restrictions, curtailed depositor withdrawals, superseded the bank's board, and appointed an administrator to manage the bank while the probe continues. en-us Sat, 15 Feb 2025 19:46:03 +0530 Sat, 15 Feb 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34199 A senior accounts head is accused of conspiring with associates to embezzle cash from branch safes, prompting a complaint by the acting chief executive and an Economic Offences Wing investigation that registered offences under Criminal Breach of Trust and Criminal Conspiracy; the accused was arrested after questioning. The central regulator imposed supervisory restrictions, curtailed depositor withdrawals, superseded the bank's board, and appointed an administrator to manage the bank while the probe continues. News - Sat, 15 Feb 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=34199