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Former New India Cooperative Bank GM sent to police custody till Feb 21

As per the police, the bank's acting chief executive officer lodged a complaint against Mehta and others at Dadar Police Station in central Mumbai on Friday for alleged misappropriation of the financial institution's funds

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Hitesh Mehta, the former general manager of New India Cooperative Bank, being taken to the Esplanade Court in Mumbai on Sunday. Pic/Ashish Raje

Hitesh Mehta, the former general manager of New India Cooperative Bank, being taken to the Esplanade Court in Mumbai on Sunday. Pic/Ashish Raje

A court in Mumbai on Sunday remanded Hitesh Mehta, the former general manager and head of accounts of New India Cooperative Bank, in police custody till February 21 in connection with an alleged misappropriation of Rs 122 crore, news agency PTI reported.

The Economic Offences Wing (EOW) of the Mumbai Police presented Mehta and Dharmesh Paun, another accused in the irregularities case, before a holiday court on Sunday.

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