Bank embezzlement accused Mehta used to phone staffers to disburse money from safes: Cops https://www.taxtmi.com/news?id=34752 Allegations focus on the bank's general manager instructing staff to withdraw and hand over cash from safes to intermediaries; witness statements recount repeated removals and deliveries. A regulatory inspection revealed a large cash shortfall versus books, triggering an Economic Offences Wing investigation that is examining custodian access, the role of intermediaries, the traceability of missing funds, and whether audits and supervisory mechanisms failed to detect the misappropriation. en-us Thu, 20 Feb 2025 23:01:04 +0530 Thu, 20 Feb 2025 23:01:04 +0530 TaxTMI RSS Generator Bank embezzlement accused Mehta used to phone staffers to disburse money from safes: Cops https://www.taxtmi.com/news?id=34752 Allegations focus on the bank's general manager instructing staff to withdraw and hand over cash from safes to intermediaries; witness statements recount repeated removals and deliveries. A regulatory inspection revealed a large cash shortfall versus books, triggering an Economic Offences Wing investigation that is examining custodian access, the role of intermediaries, the traceability of missing funds, and whether audits and supervisory mechanisms failed to detect the misappropriation. News - Thu, 20 Feb 2025 23:01:04 +0530 https://www.taxtmi.com/news?id=34752