EOW to seek custody of 2 key accused again in bank fraud

We want to confront Mehta and Paun with 3 other arrested accused to find out who received how much OFFICER, EOW

- Vinay Dalvi

MUMBAI: The Economic Offences Wing (EOW) of Mumbai police will again seek custody of former general manager (accounts) of New India Cooperative Bank Hitesh Mehta and builder Dharmesh Paun in connection with the alleged embezzlement of ₹122 crore from the bank's cash vaults.

"We want to confront Mehta and Paun with three other arrested accused — solar panel dealer Unnanathan Arunachalam, civil contractor Kapil Dedhia and Javed Azam, brother of a politician — as we are keen to find out who received how much from the ₹122 crore siphoned by Mehta from the bank and how they spent it," a police officer aware of the matter told Hindustan Times.

The accused had been giving false information regarding the receipt and utilisation of siphoned funds which was even proved in the polygraph test Mehta was subjected to, the officer said.