60 Fraudsters Arrested By Odisha EOW In 22 Cases Involving Rs 100 Cr Fraud In 2022

Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Police has detected fraud involving more than Rs 100 crore in 22 cases and 60 fraudsters from different states in 2022.

The cases involved many new facets of financial crime ranging from 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.

All these cases had extensive areas of operation from the interiors of India to countries like China, Hong Kong, Thailand, Malaysia, Singapore, Nepal and Sri Lanka, EOW said in a statement on Tuesday.

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

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

EOW’s action not only saved many people from frauds but also saved several lives because of proactive, comprehensive, multi-agency action taken in Digital Loan App fraud.

While 108 people allegedly committed suicide getting trapped in cruel loan app cases in India, no one took such step in Odisha though there were many people who were victims of this fraud, it said.

Important cases Cracked During The Year:

  1. Illegal digital lending Loan App cases
  2. Income tax TDS refundFraudcase
  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
  7. India Post Payment Bank Mule accounts fraud
  8. Ponzi Scheme- accused were arrested from Gwalior in Madhya Pradesh
  9. Cheating in the name of Scholarship scheme and Solar equipment

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