Mumbai: The Economic Offences Wing (EOW) has intensified its crackdown on Hiren Bhanu and his wife Gauri, the absconding couple in the Rs122 crore scam at New India Cooperative Bank.
Blue Corner Notice Issued
The EOW has issued a Blue Corner notice against Hiren, the alleged mastermind and former chairman of the bank, and Gauri, who was the acting vice-chairman. Investigators have traced Hiren to Abu Dhabi and Gauri to Thailand, leading to the issuance of the notice. The EOW had initially issued a lookout circular.
Now, with confirmed foreign locations, the alert has been issued. The Blue Corner notice will help track Bhanus’ locations, monitor their activities, and facilitate their arrest.
According to EOW sources, the duo fled abroad just before the scam was exposed. As per the probe, Hitesh Mehta, the bank's general manager, executed the fraud under the instructions of the Bhanu couple.
Reports indicate that they received Rs28 crore from the embezzled funds. Hiren fled to Dubai on January 26, while Gauri left for Thailand on February 10 just before the scam was uncovered on February 12.
