The city’s Economic Offences Wing has filed a cheating and breach-of-trust FIR against Percept Ltd’s founder‑director Harinder Pal Singh; former New India Co‑op Bank chairman Hiren Bhanu; his wife Gauri Bhanu; ex‑CEO Abhimanyu Bhoan; and others for allegedly sanctioning ₹77 crore in loans, receiving ₹6.4 crore in kickbacks, and waiving ₹18.6 crore under false invoices. This comes after a separate ₹122 crore misappropriation case linked to the bank came to light in February.

A special court last week authorized the Enforcement Directorate to interview eight individuals held at Arthur Road Jail—including Hitesh Mehta, Abhimanyu Bhoan, Dharmesh Poun, and others—between June 16 and July 10, using electronic devices to record statements.

Hitesh Pravinchand Mehta, ex‑general manager, was remanded to police custody shortly after the RBI audit uncovered ₹112 crore missing from the vaults of Prabhadevi and Goregaon branches.

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