Mumbai: The Mumbai Police’s Economic Offences Wing (EOW) is set to file a supplementary chargesheet in the ₹122-crore New India Cooperative Bank funds embezzlement case.
Supplementary Chargesheet Names 4 More, Including 3 Auditors
The new chargesheet will name four additional accused Pawan Amarsingh Jaiswal and three individuals linked to auditor firms — Laxminarayan Nayak, Abhijit Deshmukh, and Subhash Indrajit Mogal.
2,000-Page Chargesheet Adds to Previous 12,634-Page Filing
According to sources, the supplementary chargesheet runs close to 2,000 pages. It also names former bank chairman Hiren Bhanu and his wife, Gauri Bhanu, as wanted accused.
The EOW investigation has revealed that Hiren Bhanu allegedly received ₹24 crore and Gauri Bhanu ₹2 crore from the bank, allegedly sanctioned by then General Manager Hitesh Mehta.
Former Chairman Hiren Bhanu and Wife Gauri Still Absconding
In May 2025, the EOW had filed an extensive 12,634-page chargesheet against 10 people, including Mehta, who is accused of facilitating the fraudulent transactions. The Bhanu couple — Hiren, the former chairman, and Gauri, the former deputy chairperson — were declared absconders in the initial chargesheet. Blue corner notices have been issued in an effort to trace them.
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EOW Probe Highlights Role of Auditors and Senior Officials
The EOW’s continued investigation underscores the scale of the alleged embezzlement and the involvement of senior officials and external auditors in the manipulation of bank funds.
