New India Co-operative Bank Scam: EOW Arrests Former CEO Abhimanyu Bhoan

New India Co-operative Bank Scam: EOW Arrests Former CEO Abhimanyu Bhoan

EOW has arrested former CEO Abhimanyu Bhoan in the New India Co-operative Bank scam, marking him as the third accused. He is remanded in custody until February 28 amid ongoing investigations.

Poonam AprajUpdated: Friday, February 21, 2025, 03:02 PM IST
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New India Co-operative Bank Former CEO Abhimanyu Bhoan | Poonam Apraj

Mumbai: The Economic Offences Wing (EOW) has made another arrest in the New India Co-operative Bank scam. Former CEO Abhimanyu Bhoan has been taken into custody, making him the third accused in the case.

The Court has remanded accused into police Custody untill February 28.Bhoan’s arrest follows an ongoing investigation into financial irregularities within the bank, which allegedly led to taken place during his working period.

The authorities suspect his involvement in mismanagement and fraudulent transactions.Further investigation is underway, and officials believe that more arrests may follow in the case.

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