India, March 4 -- The Economic Offences Wing (EOW) of the Mumbai Police has questioned six directors on the board of the New India Cooperative Bank, in connection with the alleged misappropriation of Rs.122 crore from the cash reserves of the scheduled bank. Police said all of them pointed a finger at former chairperson and vice-chairperson, Hiren and Gauri Bhanu, claiming that it was they who took major decisions and merely informed the directors of the same.

"We have started recording the statements of the bank's directors, including Frederick D'Sa, who is also the leader of an autorickshaw union, Dr Kurush Paghdiwalla, Milan Kothary, Shiv Kathuria, Viren Barot and Vinit Upadhyay. Most of them claimed they were not involved in major de...