EOW to Conduct Lie Detector Test on Hitesh Mehta in ₹122 Crore Scam

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The investigation into the ₹122 crore embezzlement case at New India Cooperative Bank is about to take a significant turn. The Economic Offences Wing (EOW) of Mumbai Police is set to conduct a lie detector test on Hitesh Mehta, the former General Manager (GM) of the bank and the prime accused in the scandal. The test, which has been authorized by the court, is scheduled to take place today at the forensic department’s office.

Hitesh Mehta
Hitesh Mehta

Parallel Investigations and New Developments

While the lie detector test is a key part of the investigation, other developments are also progressing in parallel. The Reserve Bank of India (RBI) has submitted its inspection report on the New India Cooperative Bank to the EOW. The inspection, which took place on February 12, was led by an RBI officer, who has already provided his statement to the authorities. The report is expected to offer further insights into the bank's financial operations and potential red flags.

Ongoing Interrogations

In addition to the lie detector test, the EOW is continuing its interrogation of key individuals involved in the case. Six auditors who were responsible for the bank’s audits between 2019 and 2024 have already been questioned, and their full reports have been handed over to the EOW. The agency is also preparing for a second round of questioning with six bank directors who had undergone initial questioning earlier.

Systematic Fraud and Further Arrests

The investigation has revealed that Hitesh Mehta, in collaboration with other individuals, systematically siphoned funds from the bank, often handing the money over to Manohar Arunachalam, a key player in the case. As the probe continues, the EOW expects more arrests and significant revelations in the coming days. 

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