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In order to effectively tackle the
menace of such rising economic
offences and to ensure justice to
the victims, a separate cell called
Economic Offences Wing, was started
by Thane City Police on
27/09/2002. Only willing officers
and men are posted in this wing
and they are given special
training to adept their skills for
the investigation of such economic offences. Whenever required help of
the experts from the respective
fields is also taken to detect and
reach to the roots of the economic
offences. Besides this seminars
are also organized for Bank
employees, College Students,
Women's Organizations where
information about the economic
offences is given and an attempt
is made to create awareness
amongst the members of the general
public so that such economic scams
can be prevented at the initial
stage itself. In their endeavor to
catch hold of the suspected
victims, officers of this wing
also keep a watchful eye on the
advertisements appearing in
different newspapers, promising
unreasonable returns to the
prospective investors. Whenever
required the Directors of such
companies are called to this
branch to ensure the genuineness
of their claims.
However, in spite of the conscious
effort made by the police still
we come across a number of cases
where gullible people get carried
away into the entrapments of
the economic offenders and ultimately
lose their hard earned money.
Economic Offences Wing, Thane
has so far investigated a number
of important cases. By making
an effective use of the stringent
provisions of the specially
enacted law viz. "Maharashtra
Protection of Investors Deposits
(in Financial Institutions)
Act, 1999, poperties worth crores
of rupees has been attached
so far. Some of the important
cases handled by this branch
are as follows : |
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1. |
Sanchayani
Savings and Investments
Scheme :-
This Calcutta based
company ;had opened
a branch at Patil Wadi,
opposite Thane Railway
Station, Thane (West).It
advertisedthe below
mentioned two schemes. |
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1.
High returns on Deposits.
2.
Ownership of houses
on the payment of
monthly installments.
Under the guise of
these two schemes
the above company
collected deposits
from the investors
and duped them by
not giving them the
promised returns.
A case was registered
against the said company
and 6 Directors were
arrested by the Economic
Offences Wing, Thane.
Properties of the
said company and their
Directors totally
amounting to Rs.10
Crores has been seized
so far, during the
course of the investigation.
The said property
is being handed over
to "Banarjee
& Company",
the official Court
Receiver appointed
by the Honourable
Supreme Court. Once
the said property
is auctioned the investors
will get at least
partial reimbursement
of their investments. |
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2. |
Vanlakshmi
Developers Case :-
The said company
had opened an office
at Rajdarshan Building,
Dada Patil Wadi, Thane
(West), Thane. It
promised plots to
the investors at places
such as Karjat, Wangani,
Malvan etc., at concessional
rates and collected
nearly 5.50 crores
from the investors.
However as the company
failed to keep its
promises a case was
registered at Economic
Offences Wing, Thane.
During the course
of investigation of
the said case 14
accused
persons have been
arrested and their
known movable and
immovable properties
have been attached.
The process of auctioning
the same is in progress. |
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3. |
Surbhi
Agrotec Case :-
This Chandigarh based
company had opened
an office at shivanand
Building, Gaondevi
Maidan, Thane (W)
on rental bases. It
collected an amount
of rupees nearly 4.5crores
by promising the investors
to double their invested
sums and also exorbitantly
high rates of returns
on their investments.
As the company;
failed
to keep the given
promises an offence
was registered at
the Economic offences
Wing, Thane. Six accused
persons have been
arrested in this case
so far. Two wheeler
and four wheeler
vehicles given by
the said company to
its agents have been
seized and also the
office premises are
taken charge of |
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4. |
In
the month of October,
2002, I.C.I.C.I. Bank,
Thane lodged a complaint
about loans obtained
from the said bank to
the tune of nearly 1.20
crores by submitting
bogus documents. After
registration of the
offence skillful investigation
conducted by the officers
of this branch resulted
in to the arrest of
57 accused persons and
property worth Rs.80
lakhs was successfully
recovered at their instance. |
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If one
studies the modus operandi involved
in the commission of the above
said offences and if the prospective
investors are little more vigilant
before taking their investments
decisions, than economic offences
can be curtailed to a great
extent at an initial stage.
In this respect the following
points may please be carefully
considered by the members of
public. |
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i) |
A
detailed inquiry should
be made about the
companies promising
exorbitantly high
returns ;on investments
to the investors. |
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ii) |
Investors
should verify whether
such companies are
registered with R.B.I.,S.E.B.I.
etc. |
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iii) |
In
case of companies
promising bungalow
plots, farm houses
etc. at subsidized
rates, care should
be taken to make enquiries
at local government
offices such as Tehsildar
office, Registrar
of stamp duties office
etc. |
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iv) |
It
is generally observed
that such companies
of dubious reputation,
start their offices
in rented premises
and by employing well-dressed
staff members they
try to impress the
gullible sections
of the society. In
such cases it is absolutely
necessary to make
enquiries about the
said companies in
the neighborhood.
In case something
suspicious is observed
then the office of
the economic offences
wing, Thane should
be immediately informed. |
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v) |
The
unemployed youth should
be extremely cautious
before dealing with
the recruitment agents.
Genuineness about
the said agents should
be verified before
making any payments
to them. Generally
no original documents
such as ration card,
passport, school leaving
certificate,
photographs etc. should
be handed over to
such agents. In many
cases it is found
that such original
documents have been
used in the commission
of some other offences
of cheating. |
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vi) |
In
case of companies
promising government
plots, houses from
MHADA etc utmost care
should be taken to
verify the availability
of such premises.
Such enquiry should
be generally made
with the concerned
government officers. |
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In
case the above mentioned
guidelines are followed
then it would be possible
to curtail the commissioning
of economic offences. |
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If
you have any suggestion
or complaints about
the suspected economic
offenders in your
area, you can always
contact the below
mentioned office
either personally
or on phone. |
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