EOW Arrests Key Accused in ₹122 Crore New India Cooperative Bank Scam

Rajiv Ranjan Pandey, the eighth suspect, is in custody after admitting to laundering ₹15 crore through CSR-funded investments.

Rajiv Ranjan Pandey was arrested in Bokaro, Jharkhand, and remanded to police custody until March 28, 2025.
Pandey admitted to receiving ₹15 crore from Unnathan Arunachalam, who had obtained the funds from the scam's mastermind, Hitesh Mehta.
Investigators discovered that Pandey used CSR funds for fraudulent investments, promising high returns and funneling profits back to Mehta and Arunachalam.
The EOW is tracing the identities of three associates linked to Pandey and investigating an unreported robbery connected to the scam.
A brain mapping test for Hitesh Mehta is scheduled for March 28 to uncover further details about the embezzlement network.