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Economic Offences Wing
The Mumbai police on Saturday arrested Hitesh Mehta, General Manager and Head of Accounts of the New India Cooperative Bank, for allegedly misappropriating Rs 122 crore from the bank, officials said. Mehta was placed under arrest by the Economic Offences Wing (EOW) of the city police after being questioned for more than three hours, an official said. He was called to record his statement before the probe agency at its south Mumbai office in connection with the case registered against him and others, he said. Mehta will be produced before a local court on Sunday, the police official added. The Reserve Bank of India (RBI) on Friday superseded the cooperative bank's board for a year and appointed an administrator to manage its affairs. A day prior to that, it imposed several restrictions on the lender, including on withdrawal of funds by depositors, citing supervisory concerns emanating from the recent material developments in the bank, and to protect the interest of its depositors.
The Economic Offences Wing (EOW) of Mumbai Police which is probing the Torres investment scam has seized Rs 5 crore in cash, deposited by investors, from a Torres jewellery store in Dadar and a flat in the city, an official said on Friday. The estimate of the total amount involved in the scam stood at Rs 22 crore, he said. The seizure was made during searches on Thursday. Some investors had handed cash to the company for making deposits after encountering snags in its online system, the official said. As much as Rs 77 lakh were recovered from a flat rented by Tania alias Tazagul Karaxanovna Xasatova (52), one of the accused, in Colaba in south Mumbai. Xasatova worked as a general manager at the Torres store, the official said. Police also recovered over a thousand 'precious stones'. While the company charged its investors thousands of rupees for these stones, their actual value was around Rs 300 apiece, he said. Torres allegedly duped hundreds of depositors by promising them hig
Delhi Police Economic Offences Wing (EOW) has arrested a family member of BharatPe co-founder Ashneer Grover in connection with the alleged misappropriation of funds with the fintech company, police officials said on Friday. Deepak Gupta, who is a brother-in-law of Grover, was arrested on Friday, they said. Gupta was named in the FIR which was registered against Grover, his wife Madhuri Jain and their family member in May 2023 in the Rs 81-crore fraud case, an officer said, adding that Gupta is being interrogated. Gupta's arrest is the second arrest in this case so far, officials said. In August this year, the EOW had arrested Amit Kumar Bansal, who allegedly was one of the members of the non-existing firms that had received payments of Rs 72 crore from the then directors of BharatPe between 2019 and 2021. BharatPe has accused Grover and his family of causing losses to the firm to the tune of about Rs 81.3 crore through illegitimate payments to bogus human-resource consultants, ..
Former Mumbai mayor Kishori Pednekar appeared before the Mumbai police's Economic Offences Wing on Monday in connection with an alleged scam in the purchase of body bags for COVID-19 victims, a police official said. On September 6, the Bombay High Court granted interim protection from arrest for four weeks to Pednekar, noting the case probe was on and at this stage custodial interrogation was not warranted. The court also directed Pednekar to cooperate with the probe in the case and appear before the city police's Economic Offences Wing (EOW) on September 11, 13 and 16 for questioning. On Monday, Pednekar reached the EOW office here at around 11 am to face an inquiry into the case, the official said. Pednekar approached the HC after a sessions court rejected her pre-arrest bail plea, saying she was accused of an economic offence involving a huge amount of public money. The EOW had registered a case against Pednekar and two senior officials of the Brihanmumbai Municipal Corporation
Senior officials of realty company Emaar India Limited appeared before the Delhi Police's Economic Offence Wing (EOW) on Friday in an alleged real estate fraud case following summons, sources said. "Officials representing Emaar met with EOW officials and shared the information sought. They assured extending all help with the investigation," a source in the EOW said. The EOW had issued notices for the personal appearances of Dubai-based Emaar Properties managing director Mohamed Ali Alabbar. His representatives appeared on his behalf which the EOW found satisfactory, the sources said. Emaar India Limited is the Indian subsidiary of Emaar Properties of Dubai. On May 26, the EOW had issued summons to Alabbar and senior officials of Emaar India Limited for their personal appearance on June 2 at 2:30 pm in the alleged fraud case in its housing project Palm Garden in Gurugram. The EoW initiated investigation into the case after a homebuyer Manish Kumar Patni lodged a complaint on Januar
The Economic Offenses Wing (EOW) of Uttarakhand Police will investigate allegations of money laundering of around Rs 200 crore against a company owned by the wife of a close aide of former Uttarakhand Chief Minister Trivendra Singh Rawat. The BJP leader had to quit the top office in March 2021 following a "collective decision" by the party. Sworn in as CM on March 18, 2017, he had just nine days left to complete four years of his tenure when he had to call it quits. The BJP retained power in the state in the Assembly polls held earlier this year. The opposition parties led by the Congress have alleged that Dehradun-based Social Mutual Benefit Company Limited, owned by the wife of Rawat's former advisor K S Panwar, allegedly opened bank accounts in the names of thousands of people in a fraudulent manner from 2017 to 2020 and converted black money into white. They also claimed that Panwar had quit as the director of the company after becoming the chief minister's advisor and made his
Bollywood actor Jacqueline Fernandez on Monday appeared before the Economic Offences Wing in connection with an investigation related to an extortion case linked to alleged conman Sukesh Chandrashekhar, officials said. This is the second time that the actor has been summoned for questioning by Delhi Police for her alleged role in the case, officials said. A senior police officer said Fernandez has joined the probe and is being questioned at the office of Economic Offences Wing on Mandir Marg. Last Wednesday, Fernandez was quizzed for over eight hours along with Pinki Irani, the person who allegedly introduced the actor to Chandrashekhar. Investigation had revealed that Chandrashekhar had on his birthday offered a motorcycle to Fernandez's agent Prashant but he declined to take it. All the same, Chandrashekhar left the two-wheeler and its keys at Prashant's place, police had said earlier. The vehicle was seized, they added. Chandrashekhar, who is currently in jail here, is accused