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Civil contractor arrested from Vadodara in New India Cooperative Bank case
Updated On: 15 March, 2025 07:23 PM IST | Mumbai | mid-day online correspondent
According to the police, Rs 12 crore of the misappropriated amount was credited to Kapil Dedhia's account. Further investigation is underway to trace the entire fund flow and identify other individuals involved in the fraud
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The police revealed that Rs 122 crore was embezzled from the safes of the bank`s Prabhadevi and Goregaon offices in Mumbai. File pic
The Economic Offences Wing (EOW) of the Mumbai Police has arrested a suspect from Vadodara in connection with the Rs 122-crore embezzlement at New India Cooperative Bank, an officer informed on Saturday.
According to news agency PTI, civil contractor Kapil Dedhia was apprehended in the Gujarat city on Friday and brought to Mumbai on Saturday. A local court in Mumbai remanded him in police custody until March 19, the officer said.
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