New Delhi2 minutes ago
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The Mumbai Police on Tuesday conducted a polygraph test of Hitesh Mehta, former General Manager of New India Co-operative Bank Limited and Head of Accounts. Hitesh Mehta, along with his colleague, is accused of embezzlement of Rs 122 crore from the bank’s Prabhadevi and Goregaon branch.
Hitesh Mehta was arrested by the Mumbai Police in February in the case of New India Cooperative Bank. The case was then transferred to the Economic Offenses Wing (EOW) of the Mumbai Police. A case has been registered against the accused under Section 316 (5) 61 (2) Code 2023. Earlier, RBI removed the board of New India Cooperative Bank for 12 months.
Questions related to money transfer and misuse of bank funds were asked The polygraph test lasted for about 2 hours 30 minutes, during which Mehta was asked about 40 to 50 questions related to the scam. Questions such as money transfer, involvement of other accused and misuse of bank funds were asked in this test conducted between 11 am and 1:30 pm.
According to EOW officials, the report of the polygraph test is expected to arrive in 3 to 4 days. Forensic experts and psychiatrists were present to monitor the proceedings during the investigation.
Deposit and withdrawal on deposits due to non -compliance of rules On January 13, RBI banned deposits and withdrawal in the bank for not following the rules. Now the bank will not be able to release a new loan. Account holders are confused about when their money will be received.
RBI action in view of the current cash situation The Reserve Bank said that in view of the current cash situation of the bank, it has been instructed not to allow the withdrawal of any amount from the depositors’ savings bank or current accounts or any other account. However, it is allowed to spend on some essential things like salary, rent and electricity bills.
RBI’s ban will be effective for 6 months RBI will continue to monitor the position of the bank and modify these instructions to ensure safety of the interests of the depositors. These restrictions will be effective for six months from February 13, 2025.
Depositors will be able to take claims up to Rs 5 lakh
The RBI said that the Eligible Depositors Depositors Deposit Insurance and Credit Guarantee Corporation will be entitled to get a deposit insurance claim amount up to Rs 5 lakh. At the end of March 2024, the cooperative bank had a deposit of Rs 2436 crore.
Earlier, PMC bank was also banned
Earlier in 2019, when the PMC Bank scam came to light, in September 2019, the Reserve Bank abolished the Board of Directors of PMC Bank and also imposed several restrictions on the bank. The RBI then decided to run it as a small finance bank.
PMC Bank’s NPA was 9%. Bank stated 1%
According to reports, PMC Bank had a non -performing asset ie NPA 9%, but the bank showed it only 1%. PMC Bank showed a bogus deposit of Rs 250 crore in its system. The bank gave a large number of new loans to NPA -making companies such as DHFL and HDIL. These loans were given in the name of relatives or partners of directors of these companies. Fake deposits were shown to increase the bank’s loan book.
