Hiren Bhanu, former chairperson of New India Cooperative Bank, and his wife Gauri have been named suspects in a ₹122 crore fraud case linked to bank misappropriation, alongside their general manager, Hitesh Mehta. Investigations reveal that Bhanu has fled abroad, while several arrests have been made, including the former CEO of the bank. A Lookout Circular has been issued for the Bhanu family.
The recent allegations against Hiren Bhanu, the former chairperson of New India Cooperative Bank, and his wife, Gauri Bhanu, have surfaced as significant concerns in the investigation conducted by the Economic Offences Wing (EOW) of the Mumbai Police. They have been accused of misappropriating ₹122 crore, alongside Hitesh Mehta, the bank’s general manager. The couple is believed to have benefited from the misappropriated funds.
Hiren Bhanu, a British national, is alleged to have fled to Abu Dhabi on January 26, 2025. His wife, Gauri, left shortly afterward on February 10, and both are now subjects of a Lookout Circular issued by the police. Their sons are also reported to have traveled abroad soon after.
In summary, the New India Cooperative Bank fraud case has raised alarms due to high-profile individuals implicated in the misappropriation of significant funds. The ongoing investigation by the EOW continues to uncover details, with multiple arrests made, as authorities work to hold those involved accountable, including one ex-CEO who faces serious charges related to the case. As investigations proceed, the quest for justice remains crucial.
Original Source: www.hindustantimes.com
