The Mumbai police’s Economic Offences Wing (EOW) arrested Manohar Arunachalam (33) on February 27, 2025, in connection with a massive Rs122 crore embezzlement at the New India Cooperative Bank. Manohar is the son of Unnathan Arunachalam, a businessman who is currently absconding.
The arrest came after an investigation into the embezzlement case, where authorities traced the involvement of the Arunachalam family. Manohar was taken into custody, and the police are continuing their efforts to apprehend his father, Unnathan Arunachalam, who remains on the run.
The EOW is further investigating the case to uncover more details about the scam and to determine the full extent of the financial crimes involved.
