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New India Cooperative Bank Scam: Dharmesh Paun Claims He Received ₹2 Crore From Hitesh Mehta, Returned ₹1.50 Crore

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Mumbai: In a fresh twist to the New India Cooperative Bank ₹122 crore scam, accused Dharmesh Paun has claimed that he received ₹2 crore from main accused Hitesh Mehta, but later returned ₹1.50 crore. The Economic Offences Wing (EOW) suspects that Paun misappropriated ₹70 crore for an SRA project in Kandivali’s Charkop area.

Investigators have raised concerns as Paun’s ₹300 crore SRA project is on collector’s land, and he has not secured a bank loan due to land ownership restrictions. Typically, builders take loans for such projects, but EOW has found no loan-related documents in Paun’s possession.

In December 2016, Paun registered his company Dharmesh LLP and began the Charkop SRA project in 2018. In 2016, Paun sold a flat to Mehta, who later resold it to a third party. This marked the beginning of their association. Hitesh Mehta joined New India Cooperative Bank in 1988 as an accountant and has two children, one of whom is preparing for CA exams.

A senior EOW official has revealed that they plan to summon the bank’s internal and concurrent auditors. Eow has seized CCTV footage of last three weeks. The key question: How did Mehta siphon off ₹122 crore in small amounts over five years without auditors noticing?

Further suspicions arose when, on February 12, RBI officials conducted an inspection and discovered that ₹122 crore was missing from the bank’s locker.

However, instead of filing a complaint, the Acting Chief Executive Officer, Devarsi Ghosh, lodged the FIR at Dadar Police Station. If RBI officials found discrepancies in the locker funds, why didn’t they file the complaint themselves? The investigation continues.

The Economic Offences Wing (EOW) of the Mumbai Police is investigating the scam, which involves siphoning off ₹122 crore from the bank’s funds. Hitesh Mehta, the former General Manager and Head of Accounts, was arrested earlier for his alleged role in diverting the money to multiple beneficiaries.

In the ongoing probe into the ₹122 crore fraud at New India Cooperative Bank, key accused Hitesh Mehta has admitted to diverting ₹70 crore to Dharmesh Paun and ₹40 crore to Arunbhai. During interrogation, Mehta revealed that he had funded Paun’s SRA project in Charkop with ₹70 crore.

However, no official documentation exists to support this transaction. So EOW officer will retrieve the WhatsApp message history of both accused.

Meanwhile, Dharmesh Paun has denied receiving such a large sum and has instead claimed that he only took ₹2 crore from Mehta, out of which he returned ₹1.50 crore. The Economic Offences Wing (EOW) is investigating this conflicting narrative and verifying the financial trail.

Bollywood

252-Crore Drugs Case: Social Media Influencer Orry Appears Before Mumbai Crime Branch’s ANC Ghatkopar Unit

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Mumbai: In a major development in the ₹252-crore drug trafficking case, social media influencer Orry appeared before the Ghatkopar Unit of the Anti-Narcotics Cell (ANC) of the Mumbai Crime Branch today for questioning.

The ANC had issued a second summons to Orry, directing him to join the investigation. Earlier, he was summoned on November 20, but he informed the agency that he would not be available until November 25. Following this, a second summons was issued, requiring him to appear on November 26.

The ANC is expected to record Orry’s statement as part of the ongoing probe into the high-profile drugs syndicate.

Further details are awaited as the investigation continues.

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Crime

Maharashtra: Palghar Police Seize Truck Carrying Illicit Daman-Made Liquor Worth ₹33 Lakh Ahead Of Elections

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Palghar: With police maintaining a strict watch on illegal liquor smuggling in Palghar district ahead of the elections, the Vikramgad police conducted a major operation and seized a truck transporting illicit Daman-made liquor.

Based on a tip-off, police set up a blockade (nakabandi) on the Vikramgad-Talwada road near the village of Dadade. When officers attempted to stop the truck, the driver abandoned the vehicle and fled the scene.

The police confiscated illicit liquor worth approximately ₹11 lakhs from the truck, along with the truck valued at ₹22 lakhs, bringing the total value of seized goods to ₹33 lakhs.

Anticipating an increase in the use of liquor to attract voters during the election season, the police are keeping a strict vigil on smuggling activities. Further investigation is currently underway.

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Crime

Attack on ED team in Sandeshkhali: Nearly after 2 years, CBI arrests another key accused

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Kolkata, Nov 26: The sleuths of the Central Bureau of Investigation (CBI) on Wednesday finally arrested another key accused in the assault on the Enforcement Directorate (ED) officials at Sandeshkhali in North 24 Parganas district of West Bengal, nearly two years after the incident.

The person arrested in this connection has been identified as Durant Molla, a close associate of the now-suspended Trinamool Congress leader Shaikh Shahjahan, once deemed as the uncrowned king of Sandeshkhali.

The main charge against Molla is that he was the one who led the team of Shahjahan’s associates who attacked the ED officials, in which three of the investigating officers were severely injured.

Even the Central Armed Police Forces (CAPF) personnel accompanying the ED official also faced the wrath of the mob, who also vandalised several vehicles of the investigating team.

Initially, West Bengal Police investigated the matter. Later, as the CBI took over the investigation, Molla was identified as the one leading the team of attackers.

Although Shahjahan was arrested by the cops of West Bengal Police almost a month after the attack took place on the ED officials, Molla went into hiding and remained untraceable for nearly two years

Finally, on early Wednesday, he was arrested by the CBI sleuths from a hideout in the North 24 Parganas district.

However, the CBI officials were yet to disclose the exact location from where he was nabbed.

Molla will be presented at the court later in the day, and CBI counsel will seek his custody.

Shahjahan, a key accused in the multi-crore ration distribution case in West Bengal, has various other charges against him, including forceful land grabbing at Sandeshkhali, illegal conversion of farmland into pisciculture farms by forcefully flowing in saline water in that land, and sexual exploitation of the local women at Sandeshkhali.

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