ED Charges Eight in Rs 122 Crore New India Co-operative Bank Embezzlement Case
The Enforcement Directorate (ED) has filed a charge sheet against eight individuals, including Hitesh Mehta, former general manager of New India Co-operative Bank (NICB), for allegedly embezzling Rs 122 crore. The investigation revealed Mehta manipulated accounting records to siphon funds, reportedly under the direction of former bank chairperson Hiren Bhanu and the vice-chairperson. The misappropriated money was transferred to various entities, including bank officials and overseas companies. The case originated from a Reserve Bank of India risk assessment and an FIR by Mumbai Police's Economic Offences Wing.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (28/100). Lens Score 63/100.
Outlets measured: hindustantimes, freepressjournal. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (28–28/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
freepressjournal broke this story on 14 Oct, 04:04 pm. Other outlets followed.
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