Special court denies bail to coop bank’s former CEO Abhimanyu Bhoan in Rs 122 crore fraud case

A special court has turned down bail for Abhimanyu Bhoan, ex-CEO of New India Co-operative Bank, linked to a staggering Rs 122 crore fraud case. The judge pointed out the serious nature of economic offenses, the risk of evidence being compromised, and the pivotal role Bhoan played in a meticulously plotted scheme to siphon off public resources.