A local court has issued a non-bailable warrant (NBW) against New India Cooperative Bank's former chairman Hiren Bhanu and his wife Gauri Bhanu, who fled the country just before the Rs 122 crore embezzlement case came to light last month,officials said on Wednesday.

The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the case, has so far arrested seven persons in connection with the case, an official said. "The bank's former chairman and vice chairman, Hiren Bhanu and his wife Gauri Bhanu, who fled the country just before the Rs 122 crore embezzlement case came to light last month, officials said on Wednesday.
The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the case, has so far arrested seven persons in connection with the case, an official said. "The bank's former chairman and vice chairman, Hiren Bhanu and his wife Gauri are wanted accused in the case. But they left the country on January 26 and February 10 respectively," he said.

"While investigating the case, the EOW had submitted an application before the court about issuing a non-bailable warrant against the Bhanu couple. Accordingly, the court has issued a non-bailable warrant against the couple," he said.