Additional Chief Judicial Magistrate (Esplanade Court) Abhijit R Solapure rejected Hitesh Mehta’s (former general manager and head of accounts) bail plea on October 18. (Image soure: NDTV) Show Quick Read Summary is AI Generated. Newsroom Reviewed

A court here has refused bail to Hitesh Mehta, the key accused in the Rs 122-crore New India Co-Operative Bank embezzlement case, saying the matter involves “huge amounts” and that the allegations against him are serious.

Mehta, the bank’s former general manager and head of accounts, is the primary suspect in the alleged misappropriation of Rs 122 crore from the bank’s reserves over five years.

Additional Chief Judicial Magistrate (Esplanade Court) Abhijit R Solapure rejected Mehta’s bail plea on Oct. 18.

The court in its detailed order

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