economic offences wing

Mumbai police's economic offences wing has filed a cheating and conspiracy case against former directors of Anil Ambani-linked companies. Accused allegedly secured a Rs 150 crore bank loan, diverted funds, and defaulted. This marks the second FIR filed by Axis Bank against ADAG group companies, with the crime spanning from 2010 to 2019.

Two Chhattisgarh businessmen, Surjit Roy and Sameer Srivastav, were apprehended by Odisha's EOW for their alleged involvement in a Rs 9.56 crore bank fraud using cloned cheques. The duo is believed to be part of an interstate syndicate that defrauded a district mineral foundation trust. Investigators are hopeful their interrogation will expose the wider network.

In a pivotal move aimed at enhancing law enforcement efficacy, the Uttar Pradesh government has executed a series of strategic police appointments. Alok Singh steps into the role of DG PAC Headquarters and DG Special Security Force, ensuring a robust security framework.

‘Economic offences involving deep-rooted conspiracies and huge loss of public funds are grave offences affecting the economy of the country as a whole.’

The Orissa High Court denied bail to BJD leader Dillip Kumar Nayak, arrested in a multi-crore cheating case. Justice Satapathy cited serious financial impropriety and the ongoing investigation, noting it's too early to deem the case civil. Nayak faces allegations of duping an investor of over Rs 15 crore in a real estate venture.