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Adarsh Co-op Bank scam: EOW arrests bank chairman Sunita Naik Adarsh Co-op Bank scam: EOW arrests bank chairman Sunita Naik ByARCHANA MOREARCHANA MORE / Updated: Jun 4, 2021, 07:21 IST In a major development in the 47-crore Adarsh Nagari Co-operative Bank scam, the Economic Offences Wing (EOW) arrested chairman of the bank Sunita Naik (53). The investigation revealed that she has misappropriated Rs 94.70 lakh from the bogus loan accounts between March 2007 and September 2015. Divisional special auditor of co-operative department Vilas Katkar had filed a complaint against the bank and its officials in October 2020. The Adarsh Bank is located at Balaji Nagar in Dhankawadi. According to the complaint, the directors, chairman and their relatives have committed fraud between December 1993 and January 2018. As per the FIR, the accused have withdrawn the money for their personal use and purchased land at various places. They have allegedly misappropriated Rs ....