New India Cooperative Bank embezzlement probe: ARC chief called to record statement https://www.taxtmi.com/news?id=40099 Investigators have summoned the managing director and CEO of an asset reconstruction company to record a statement regarding sales of Non Performing Assets to the ARC and the significant shortfall between loan amounts and proceeds realised from mortgaged property sales, in order to determine reasons for the lower recoveries on assigned loans. en-us Mon, 07 Apr 2025 21:46:03 +0530 Mon, 07 Apr 2025 21:46:03 +0530 TaxTMI RSS Generator New India Cooperative Bank embezzlement probe: ARC chief called to record statement https://www.taxtmi.com/news?id=40099 Investigators have summoned the managing director and CEO of an asset reconstruction company to record a statement regarding sales of Non Performing Assets to the ARC and the significant shortfall between loan amounts and proceeds realised from mortgaged property sales, in order to determine reasons for the lower recoveries on assigned loans. News - Mon, 07 Apr 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=40099