💨 Abstract

Mumbai police's Economic Offences Wing has summoned the managing director and CEO of an asset reconstruction company in connection with a Rs 122 crore embezzlement case at New India Cooperative Bank. During the investigation, it was found that the bank received less money than expected after selling loans to the ARC, prompting the EOW to question the ARC's senior officials.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖