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Tag: Economic Offences Wing

  • Govinda to be Questioned by EOW in Rs 1000 Crore Online Ponzi Scam

    Govinda might be questioned by Economic Offences Wing in connection to Rs 1000 Crore Online Ponzi Scam.

    Govinda to be Questioned by EOW in Rs 1000 Crore Online Ponzi Scam

    Govinda to Face EOW Probe: Govinda might be questioned by The Odisha Economic Offences Wing (EOW) in reference to a Rs 1,000 crore pan-India Online Ponzi Scam investigation. The company confirmed the identical on September 13, 2023. The Solar Techno Alliance (STA-Token) with a web based presence in a number of nations has been illegally working a pyramid-structured beneath the rip-off within the garb of crypto funding, the authorities knowledgeable, as reported by India Today. Govinda might be quizzed by the EOW with regard to the Online Ponzi Scam as a result of he had endorsed the corporate’s operations in just a few promotional movies. EOW inspector normal J N Pankaj, in an interplay with Times of India mentioned, “We will soon send a team to Mumbai to question film star Govinda who had attended STA’s grand function in Goa in July and promoted the company in some videos.”

    GOVINDA TO BE PROBES IN INDIA ONLINE PONZI SCAM

    The EOW official additionally acknowledged that the Bollywood actor is neither a suspect nor an accused in connection to the probe. He advised, “If we find that his role was limited to only endorsement of the product (STAToken brand) as per their business agreement, then we will make him a witness in our case.” The accused firm allegedly collected Rs 30 crore from 10,000 folks in Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar, as reported by TOI. Investers from Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand and different states have been additionally duped as lakhs of cash was taken from them as deposits. EOW has arrested the corporate’s nation and Odisha heads Gurtej Singh Sidhu and Nirod Das, respectively, on August 7, 2023 in keeping with the TOI report. Bhubaneswar-based funding adviser Ratnakar Palai was additionally arrested on August 16, 2023 for his hyperlink with Sidhu. The company has additionally issued lookout circulars towards firm chief David Gez, who can be a Hungarian nationwide.

    For extra updates on Govinda and India Online Ponzi Scam, take a look at this area at India.com.

  • Jacqueline Fernandez submits listing of present objects she acquired from conman Sukesh

    By ANI

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday revealed that she acquired costly luggage, jewelry and different present objects that she jotted down on a listing which she submitted to the Economic Offences Wing (EOW) of the Delhi Police.

    According to the knowledge, actor Jacqueline Fernandez was questioned by the EOW of the Delhi Police for a number of hours in reference to Rs 200 crore cash laundering case involving conman Sukesh Chandrashekhar.

    Interrogation with Fernandez majorly concerned questions associated to items accepted by Jacqueline. Police additionally questioned the actor relating to the chartered flight experience booked by conman Sukesh for her.

    ALSO READ | Delhi police places earlier than Jacqueline Fernandez listing of 100 questions in Rs 200 crore rip-off case

    As per the sources, Jacqueline accepted that she has earlier counted on him for chartered flight rides not as soon as however a number of instances.

    Further, Jacqueline has been requested to be current each time the investigation groups want her for questioning, nevertheless, there isn’t any instant summon for her.

    Meanwhile, designer, Lepakshi has been summoned on September 21, 2022.

    Earlier on September 14, Jacqueline Fernandez appeared earlier than the EOW of Delhi Police in reference to the Rs 200 crore cash laundering case involving conman Sukesh Chandrashekhar.

    On September 15, Nora Fatehi and Pinky Irani have been questioned by the EOW for greater than 4 hours in reference to the Rs 200 crore cash laundering case involving jailed conman Sukesh Chandrashekhar.

    Apparently, Pinky Irani launched Jacqueline Fernandez and Nora Fatehi to conman Sukesh Chandrashekhar. 

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday revealed that she acquired costly luggage, jewelry and different present objects that she jotted down on a listing which she submitted to the Economic Offences Wing (EOW) of the Delhi Police.

    According to the knowledge, actor Jacqueline Fernandez was questioned by the EOW of the Delhi Police for a number of hours in reference to Rs 200 crore cash laundering case involving conman Sukesh Chandrashekhar.

    Interrogation with Fernandez majorly concerned questions associated to items accepted by Jacqueline. Police additionally questioned the actor relating to the chartered flight experience booked by conman Sukesh for her.

    ALSO READ | Delhi police places earlier than Jacqueline Fernandez listing of 100 questions in Rs 200 crore rip-off case

    As per the sources, Jacqueline accepted that she has earlier counted on him for chartered flight rides not as soon as however a number of instances.

    Further, Jacqueline has been requested to be current each time the investigation groups want her for questioning, nevertheless, there isn’t any instant summon for her.

    Meanwhile, designer, Lepakshi has been summoned on September 21, 2022.

    Earlier on September 14, Jacqueline Fernandez appeared earlier than the EOW of Delhi Police in reference to the Rs 200 crore cash laundering case involving conman Sukesh Chandrashekhar.

    On September 15, Nora Fatehi and Pinky Irani have been questioned by the EOW for greater than 4 hours in reference to the Rs 200 crore cash laundering case involving jailed conman Sukesh Chandrashekhar.

    Apparently, Pinky Irani launched Jacqueline Fernandez and Nora Fatehi to conman Sukesh Chandrashekhar. 

  • Actor Nora Fatehi questioned by Delhi Police in Sukesh Chandrashekhar extortion case

    By PTI

    NEW DELHI: Bollywood actor Nora Fatehi was on Thursday questioned for practically 5 hours by Delhi Police’s Economic Offences Wing for investigation in reference to an extortion case linked to alleged conman Sukesh Chandrashekhar, officers stated.

    This was the second time that she was summoned for questioning by the Delhi Police for her alleged position within the case, they stated. Fatehi was questioned alongside Pinki Irani who allegedly launched her to Chandrashekhar.

    Irani was quizzed on Wednesday too together with actor Jacqueline Fernandez in reference to the case, police stated. A senior police officer stated each Irani and Fatehi joined the probe on the Economic Offences Wing’s workplace at Mandir Marg.

    “Fatehi, her brother-in-law Mehboob alias Bobby and Irani were questioned for nearly five hours. All of them cooperated during the investigation and they were provided lunch. Since Irani had approached Fatehi’s brother-in-law as well, all the three were also confronted with each other,” he stated.

    “We had already questioned Fatehi but we wanted to seek details about who actually received a car as a gift from Chandrashekhar’s wife after she attended an event for the couple in Chennai and check details of the bank statements of her brother-in-law,” the officer added.

    Fatehi and her brother-in-law got a questionnaire which had 30 questions. They answered all questions, he added. Interrogation has revealed that Fatehi was approached by Irani on behalf of Chandrashekhar in January.

    Fatehi claimed that she went to attend the occasion in Chennai for a studio inauguration and Chandrashekhar’s spouse gifted her an costly bag and a automobile, as an alternative of charge, the officer stated.

    However, Fatehi has by no means met Chandrashekhar in particular person however they’ve had restricted conversations over WhatsApp and she or he was not conscious of his unlawful actions, the officer added.

    Chandrashekhar’s spouse had insisted Fatehi to take the automobile as a present as an alternative of charging charge for the Chennai occasion, he stated. After the occasion, Chandrashekhar repeatedly tried to contact Fatehi on telephone however she grew to become suspicious and broke all ties with him, the officer stated.

    In January this yr, Irani had approached Fatehi’s brother-in-law and he obtained the gifted automobile as an alternative of Fatehi as a consequence of sure authorized constraints, he stated, including it’s a part of the investigation.

    “The car received as a gift was later sold by him,” the officer stated.

    “Irani claimed to have appeared as an anchor on a Television show and is well connected to the (film) industry. She is an associate of Chandrashekhar. She also contacted Fatehi’s borther-in-law and tried to lure him saying they can get him films,” he stated.

    Irani admitted to having contacted Bobby in a bid to affect him to get into movies, police stated. As a part of the investigation, Irani might be questioned once more together with different people who find themselves linked to the case, they stated.

    “They will be questioned to seek further clarity and joint the connecting dots,” the officer stated.

    Though the company had questioned Fatehi for six to seven hours on September 2 and recorded her assertion, she is being additional interrogated as there are “certain unanswered questions”, he stated.

    Further investigation has revealed that Chandrashekhar had supplied a motorbike to Fernandez’s agent Prashant on his birthday however he declined to take it.

    However, Chandrashekhar left the two-wheeler and its keys at Prashant’s place, police stated, including the motorbike has been seized.

    Fatehi was earlier questioned by the Enforcement Directorate (ED) within the case. On Wednesday, Fernandez was questioned for over eight hours. According to police, she cooperated throughout the probe and may additionally be known as once more for questioning.

    Chandrashekhar, who’s at present in jail, is accused of dishonest many individuals, together with high-profile people similar to former Fortis Healthcare promoter Shivinder Mohan Singh’s spouse Aditi Singh.

    On August 17, the ED filed a cost sheet naming Fernandez as an accused in a multi-crore cash laundering case linked to Chandrashekhar. According to the ED, Fatehi and Fernandez obtained luxurious automobiles and different costly items from him.

    NEW DELHI: Bollywood actor Nora Fatehi was on Thursday questioned for practically 5 hours by Delhi Police’s Economic Offences Wing for investigation in reference to an extortion case linked to alleged conman Sukesh Chandrashekhar, officers stated.

    This was the second time that she was summoned for questioning by the Delhi Police for her alleged position within the case, they stated. Fatehi was questioned alongside Pinki Irani who allegedly launched her to Chandrashekhar.

    Irani was quizzed on Wednesday too together with actor Jacqueline Fernandez in reference to the case, police stated. A senior police officer stated each Irani and Fatehi joined the probe on the Economic Offences Wing’s workplace at Mandir Marg.

    “Fatehi, her brother-in-law Mehboob alias Bobby and Irani were questioned for nearly five hours. All of them cooperated during the investigation and they were provided lunch. Since Irani had approached Fatehi’s brother-in-law as well, all the three were also confronted with each other,” he stated.

    “We had already questioned Fatehi but we wanted to seek details about who actually received a car as a gift from Chandrashekhar’s wife after she attended an event for the couple in Chennai and check details of the bank statements of her brother-in-law,” the officer added.

    Fatehi and her brother-in-law got a questionnaire which had 30 questions. They answered all questions, he added. Interrogation has revealed that Fatehi was approached by Irani on behalf of Chandrashekhar in January.

    Fatehi claimed that she went to attend the occasion in Chennai for a studio inauguration and Chandrashekhar’s spouse gifted her an costly bag and a automobile, as an alternative of charge, the officer stated.

    However, Fatehi has by no means met Chandrashekhar in particular person however they’ve had restricted conversations over WhatsApp and she or he was not conscious of his unlawful actions, the officer added.

    Chandrashekhar’s spouse had insisted Fatehi to take the automobile as a present as an alternative of charging charge for the Chennai occasion, he stated. After the occasion, Chandrashekhar repeatedly tried to contact Fatehi on telephone however she grew to become suspicious and broke all ties with him, the officer stated.

    In January this yr, Irani had approached Fatehi’s brother-in-law and he obtained the gifted automobile as an alternative of Fatehi as a consequence of sure authorized constraints, he stated, including it’s a part of the investigation.

    “The car received as a gift was later sold by him,” the officer stated.

    “Irani claimed to have appeared as an anchor on a Television show and is well connected to the (film) industry. She is an associate of Chandrashekhar. She also contacted Fatehi’s borther-in-law and tried to lure him saying they can get him films,” he stated.

    Irani admitted to having contacted Bobby in a bid to affect him to get into movies, police stated. As a part of the investigation, Irani might be questioned once more together with different people who find themselves linked to the case, they stated.

    “They will be questioned to seek further clarity and joint the connecting dots,” the officer stated.

    Though the company had questioned Fatehi for six to seven hours on September 2 and recorded her assertion, she is being additional interrogated as there are “certain unanswered questions”, he stated.

    Further investigation has revealed that Chandrashekhar had supplied a motorbike to Fernandez’s agent Prashant on his birthday however he declined to take it.

    However, Chandrashekhar left the two-wheeler and its keys at Prashant’s place, police stated, including the motorbike has been seized.

    Fatehi was earlier questioned by the Enforcement Directorate (ED) within the case. On Wednesday, Fernandez was questioned for over eight hours. According to police, she cooperated throughout the probe and may additionally be known as once more for questioning.

    Chandrashekhar, who’s at present in jail, is accused of dishonest many individuals, together with high-profile people similar to former Fortis Healthcare promoter Shivinder Mohan Singh’s spouse Aditi Singh.

    On August 17, the ED filed a cost sheet naming Fernandez as an accused in a multi-crore cash laundering case linked to Chandrashekhar. According to the ED, Fatehi and Fernandez obtained luxurious automobiles and different costly items from him.

  • Director of Delhi primarily based agency arrested in pretend mortgage app case in Odisha

    By Express News Service

    BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch on Friday arrested the director of Good Start Business Services Private Limited Nitin Mallik from New Delhi for his alleged involvement in operating pretend mortgage functions with the assistance of some Chinese nationals.

    A local of Odisha, Shakti Prasad Dash, had lodged a grievance within the EOW alleging harassment by the officers of digital mortgage app – Kredit Gold.  

    After downloading Kredit Gold, the complainant had obtained Rs 9,000 mortgage quantity. 

    The employees of the mortgage app requested Dash to return Rs 15,000 simply 4 days after offering him the mortgage.

    He began receiving calls and messages from totally different cell phone numbers which had been reportedly linked to Good Start Business Services. 

    The callers harassed and tried to extort cash from the complainant. EOW’s investigation revealed that Good Start is just not registered as a non-banking monetary firm and it was illegally working as a digital lender via numerous mortgage functions together with Kredit Gold.

    Kredit Gold has been downloaded a couple of lakh instances. He was reportedly in common contact with three Chinese nationals and getting a lump sum quantity from them in the direction of his wage for lending/recovering cash via the pretend mortgage apps. 

    The accused has cheated a number of prospects in Odisha and different states.

    “Various incriminating materials like copies of passports of the Chinese nationals, WhatsApp chats and e-mails have been seized from Mallik. Besides, agreements between Chinese firms and telecom service providers in the country were also seized from him,” stated an EOW officer. 

    The accused was needed by totally different regulation enforcement companies together with Mumbai Police, he added.

    On the request of EOW, the Bureau of Immigration had just lately issued a lookout round in opposition to Liu Yi, a Chinese nationwide and one of many fundamental accused within the cellular mortgage app rip-off.

    BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch on Friday arrested the director of Good Start Business Services Private Limited Nitin Mallik from New Delhi for his alleged involvement in operating pretend mortgage functions with the assistance of some Chinese nationals.

    A local of Odisha, Shakti Prasad Dash, had lodged a grievance within the EOW alleging harassment by the officers of digital mortgage app – Kredit Gold.  

    After downloading Kredit Gold, the complainant had obtained Rs 9,000 mortgage quantity. 

    The employees of the mortgage app requested Dash to return Rs 15,000 simply 4 days after offering him the mortgage.

    He began receiving calls and messages from totally different cell phone numbers which had been reportedly linked to Good Start Business Services. 

    The callers harassed and tried to extort cash from the complainant. EOW’s investigation revealed that Good Start is just not registered as a non-banking monetary firm and it was illegally working as a digital lender via numerous mortgage functions together with Kredit Gold.

    Kredit Gold has been downloaded a couple of lakh instances. He was reportedly in common contact with three Chinese nationals and getting a lump sum quantity from them in the direction of his wage for lending/recovering cash via the pretend mortgage apps. 

    The accused has cheated a number of prospects in Odisha and different states.

    “Various incriminating materials like copies of passports of the Chinese nationals, WhatsApp chats and e-mails have been seized from Mallik. Besides, agreements between Chinese firms and telecom service providers in the country were also seized from him,” stated an EOW officer. 

    The accused was needed by totally different regulation enforcement companies together with Mumbai Police, he added.

    On the request of EOW, the Bureau of Immigration had just lately issued a lookout round in opposition to Liu Yi, a Chinese nationwide and one of many fundamental accused within the cellular mortgage app rip-off.

  • LIC agent arrested for elevating claims of Rs 1.81 crore of ghost policyholders in Odisha

    By Express News Service

    BHUBANESWAR: The Economic Offences Wing (EOW) of the Crime Branch arrested Kabiraj Behera, a LIC agent, for allegedly elevating Rs 1.81 crore insured quantity within the names of ghost policyholders.

    Behera, a local of Jhadakata beneath Kanas police limits in Puri district, has been working as a LIC agent since 2003. The accused had reportedly managed to concern 23 insurance policies within the names of 4 useless individuals between 2013 and 2019 by claiming that they have been alive.

    After three to 5 years of taking these insurance policies, Behera manufactured pretend demise certificates of the insured individuals subsequent to their precise demise.

    The accused introduced the pretend demise certificates as real and utilized for demise claims in favour of the nominees at LIC’s department workplace in Khurda.

    On suspicion of settlement of pretend claims, Khurda department LIC’s authorised officer lodged a grievance on this regard with EOW. The company then registered a case on Wednesday beneath Sections 420, 467, 468, 471, and 120B of IPC.

    “It has been ascertained that the insurance policies were taken subsequent to the actual death of insured persons but the premium was being paid regularly. Intentionally, in all the policies the sum assured was kept less than Rs 10 lakh as the branch manager has the financial power to settle death benefits up to this amount without referring to the divisional office,” EOW SP Jai Narayan Pankaj advised The New Indian Express.

    The EOW officers have established that the whole quantity of claims raised via 23 insurance policies was greater than Rs 1.81 crore. LIC officers had launched funds towards 5 insurance policies. Later, the officers sensed the criminal activity, didn’t settle the claims of the remaining insurance policies, and approached the company on this regard.

    During searches at Behera’s home, many incriminating paperwork like voter identification playing cards, Aadhaar playing cards and ATM playing cards, cheques and financial institution passbooks of nominees, and correspondences made by the LIC have been seized.

    Besides this, some papers containing the purported full signatures of the ghost policyholders have been additionally recovered from the accused.

    “The role of nominees of fake policies, and if any other LIC official was hand in glove with Behera is being investigated. Further, it is under verification whether the accused has received financial benefits through other fake policies,” stated Pankaj.

  • Retired Odisha authorities officer held in scholarship rip-off

    By Express News Service

    BHUBANESWAR: The Economic Offences Wing (EOW) of Crime Branch on Thursday, August 12, 2021, arrested Prakash Chandra Rath, a retired underneath secretary to State authorities, for his alleged involvement in a scholarship rip-off amounting to Rs 36.1 lakh.  

    Rath was in-charge of Higher Education division’s scholarship part. The division had lodged a grievance with the company alleging monetary mismanagement and irregularities in fee of scholarship throughout 2014-15 educational 12 months.

    In its grievance, the division had alleged that a number of ineligible college students had been awarded scholarships resulting in an enormous loss to the federal government exchequer. EOW had registered a case in 2017 and launched an investigation into the matter. After receiving functions, it was the duty of Rath to position them earlier than the monetary advisor for sanctioning the scholarships.

    “However, Rath in criminal conspiracy with others had sanctioned scholarships to about 235 ineligible students by violating existing norms,” stated an EOW officer. Rath had additionally obtained kickbacks for sanctioning the quantities to college students who weren’t entitled to scholarships, sources stated.

  • Ex-IL&FS chairman Ravi Parthasarathy arrested by EOW

    Former non-executive chairman of Infrastructure Leasing & Financial Services (IL&FS) Ravi Parthasarathy was arrested in Chennai on Friday by the Economic Offences Wing (EOW)-II. A press release from EOW-II mentioned he was arrested in a case registered in September final 12 months, whereas calling him a “kingpin and the mastermind of several crore IL&FS and ITNL financial scam”.
    “The IL&FS group, which consists of over 300 group companies, was used as a vehicle to perpetrate one of independent India’s largest financial frauds by the management of IL&FS group, which was headed by the then chairman and the CEO, Ravi Parthasarathy,” the assertion mentioned.
    The FIR was registered as per The Tamil Nadu Protection of Interest of Depositors (TNPID) Act, 1997 – which has powers to take motion towards monetary establishments that fail to return the deposit and curiosity – on a grievance by 63 Moons Technologies Ltd, which claimed to have misplaced a sum of Rs 200 crore. The assertion added the EOW-II had additionally acquired complaints from different depositors too.

    Earlier, the anticipatory bail petition filed by Parthasarathy was dismissed by the Madras High Court. Hari Sankaran and Ramachand Karunakaran, former administrators and managing administrators of the corporate and “close aides” of Parthasarathy, had been already arrested by EOW-II.
    After he was produced earlier than a TNPID court docket in Chennai, Parthasarathy was remanded to judicial custody.
    On July 20, 2018, Parthasarathy resigned as non-executive chairman of IL&FS, the holding firm of the IL&FS group which he served for over 30 years. Parthasarathy, an alumnus of IIM Ahmedabad and co-founder of finance agency twentieth Century Finance, joined the IL&FS in 1987 as president & chief government officer and was appointed as managing director in 1989. Known within the company world for his deal-making expertise, he was later designated government chairman of the corporate. The overleveraged firm which executed among the main infrastructure tasks beneath the management of Parthasarathy, collapsed beneath a pile of debt.
    On October 1, 2018, the federal government had moved the NCLT to supersede the board of IL&FS, which had defaulted on repayments to collectors. IL&FS owed lenders a whopping Rs 94,000 crore and has defaulted on a number of of its commitments. Rating businesses failed to identify the agency’s fragile funds, down-grading the corporate to junk standing in a matter of weeks.
    The new board of IL&FS, led by Uday Kotak, found there was a posh net of over 250 firms which had been a part of the general IL&FS group, which has an excellent of over Rs 94,000 crore to lenders. Over 90 per cent of the flagship firm’s property are categorized as dud investments.

    In February 2019, the Enforcement Directorate registered a case towards the IL&FS prime officers together with Parthasarathy, beneath the Prevention of Money Laundering Act (PMLA) and carried out raids throughout a number of areas.