India, Aug. 8 -- New India Coop Bank fraud

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police will be filing a supplementary charge-sheet in the Rs.122-crore New India Cooperative Bank fraud case. Police said the charge-sheet will be filed against three chartered accountants, who had allegedly carried out statutory as well as concurrent audits in the bank, and had failed to notice that funds had been misappropriated.

"We will be filing a charge-sheet against Abhijeet Deshmukh, partner at Sanjay Rane and Associates; Subhash Mogul, senior partner at SI Mogul and Company; and Laxminarayan Nayak of Shinde Nayak and Associates," said a police officer. Police said the chartered accountants had carried various audits at the bank and...