New India Co-op Bank case: Police get nod to attach ₹168 crore assets

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New India Co-op Bank case: Police get nod to attach ₹168 crore assets - Business Standard

Quick Summary:

In the first such instance in the city after the new criminal laws came into force, a court has allowed the police to attach 21 properties worth Rs 167.85 crore of five accused in the alleged case of embezzlement at the New India Co-operative Bank.

The Economic Offences Wing (EOW) of Mumbai Police which is probing the case has started the process of attachment after receiving a magistrate court's nod on Wednesday, said an official.

These properties include a Slum Rehabilitation Project worth Rs 150 crore at Charkop, being developed by builder Dharmesh Paun, one of the arrested accused.