During the investigation, it was also revealed that the main accused deposited a large amount of the misappropriated cash in two trusts.The Economic Offences Wing of the Mumbai Police on Thursday night arrested Manohar Arunachalam (33), son of wanted accused Unnanathan Arunachalam alias Arun Bhai, in connection with embezzlement of Rs 122 crore from the bank’s safe of New India Cooperative Bank.Sources in the EOW said Manohar is accused of helping his father escape. He would be produced in the court on Friday.Manohar’s father Unnanathan Arunachalam is accused of accepting Rs 40 crore from the prime accused and former general manager of the bank Hitesh Mehta.Manohar, who is the fourth accused to be arrested in the case, allegedly accepted Rs 15 crore from Mehta in 2019. He also allegedly contacted another person to help his father escape and stay off the police radar.Earlier, police arrested Mehta, his accomplice Dharmesh Paun, a developer, who allegedly helped him route the money and Abhimanyu Bhoan, former CEO of New India Cooperative Bank.Mehta and Paun were sent to judicial custody on Thursday while Bhoan would be produced in court on Friday.Bhoan, who served as CEO between 2019 and 2024, during which the misappropriation of funds occurred, also allegedly received nearly Rs 1 crore from the misappropriated Rs 122 crore, making him a beneficiary of the scam.Story continues below this adWhile Mehta, who also headed the accounts department at the New India Cooperative Bank, worked under Bhoan’s supervision, the former CEO handled all transactions during the period of the offence and was aware of the cash in the bank’s safe.The accused illegally collected and deposited Rs 33 crore in the safe of the head office in March 2019 and another Rs 99 crore in March 2020 to misappropriate the bank’s funds, said an officer.“After the money was deposited in the bank’s safe, the accused embezzled the cash in small amounts, using four empty bags marked with the number 124 PRO, to transport the misappropriated funds,” added the officer.Earlier, police also informed the court that the accused had sent some amount abroad through a hawala channel.Story continues below this adDuring the investigation, it was also revealed that the main accused deposited a large amount of the misappropriated cash in two trusts.Officials discovered discrepancies in the bank’s cash records, with Rs 112 crore found missing from the Prabhadevi branch safe and an additional Rs 10 crore missing from the Goregaon branch’s safe. © The Indian Express Pvt LtdTags:Mumbai