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Economic Offences Wing (EOW) has registered 22 cases involving diversified areas of financial crimes

in State News December 27, 2022 Comments Off on Economic Offences Wing (EOW) has registered 22 cases involving diversified areas of financial crimes 237 Views

Bhubaneswar:27/12/22: In 2022 till date, Economic Offences Wing (EOW) has taken up cases involving many new facets of financial crime. EOW has registered 22 cases involving diversified areas of financial crimes covering from Cheating and forgery in Real estate, Income tax fraud, online/ cyber frauds, job frauds to fake Digital Loan Apps operated through shell companies, mule accounts and virtual/cloud based numbers.

In 2022, in 22 cases, EOW detected fraud involving approximately more than Rs 100 Crores (figure will go upward as investigation progresses) and 60 fraudsters/accused persons were arrested from various states.

All these cases had extensive areas of operation from the interiors of India to places outside Indian territorial boundaries like China, Hong Kong, Thailand, Malaysia, Singapore, Nepal, Srilanka etc.

EOW worked with various Law enforcement agencies of Central and other states like ED, Income tax, FIU (Financial Intelligence Unit), RBI, Intelligence Bureau, Bureau of immigration, CBI/ Interpol,CISF, various banks, GST authorities, Mumbai Police, Delhi Police, Kolkata Police, Bangalore police, Hyderabad Police, Rajasthan Police etc.

EOW was also in regular touch with Google, Facebook, Whatsapp, Go-Daddy etc in connection with investigation of some cases.

Not only our action saved many persons from frauds but also because of proactive, comprehensive, multi-agency action taken in Digital Loan App fraud saved many lives. It is reported that 108 people committed suicides getting trapped in cruel Loan app cases in India.

Fortunately no one committed suicide in Odisha though there were many people who were victims of this fraud. Important cases which were busted and arrests were made:

1. Illegal digital lending Loan App cases;

2. Income tax TDS refund Fraud case;

3. Real estate/ Flat fraud by Odyssa Homes & Commercials Pvt. Ltd;

4. Hawala/ Cheating Case;

5. Digital Revolution Technologies Fraud case;

6. Agricultural Equipment Subsidy Fraud cases;

7. India Post Payment Bank Mule accounts fraud;

8. Ponzi Scheme- accused were arrested from Gwalior;

9. Cheating in the name of Scholarship scheme and Solar equipment.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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