Court slams police, state over investor scams
Expressing utter displeasure over the rising cases of investor scams, the Bombay high court slammed the Economic Offences Wing (EOW) of the Mumbai police and the state government over their failure in preventing such frauds. HT reports.mumbai Updated: Sep 08, 2011 01:06 IST
Expressing utter displeasure over the rising cases of investor scams, the Bombay high court slammed the Economic Offences Wing (EOW) of the Mumbai police and the state government over their failure in preventing such frauds. The court wanted to know what measures were being taken by them for preventing investor schemes from luring common people and ultimately cheating them of their hard-earned money.
“How are you going to prevent such internet frauds?” asked the division bench of justice Ranjana Desai and justice Ranjit More while hearing two public interest litigation raising concern about alleged investment scams involving SpeakAsia and Symboysis Group.
“Don’t you have a separate wing to keep track of all this?” the judges asked, adding, “Somebody should come out with a solution.” The comments came after advocate Rajesh Khobragade, who was representing one of the PIL petitioners pointed out some advertisements appearing in Wednesday’s newspapers inviting investors.
“Prevention is also one of your (police) duties,” the judges them reminded public prosecutor Pandurang Pol. The prosecutor on the other hand pointed out that the EOW had forwarded a proposal to the state government suggesting some steps to prevent repetition of such economic offences.
The judges, however, irked to note that although repeatedly EOW was being told to take preventive steps, new schemes purportedly aimed at cheating common people continued to crop up.
Dr Rukmini Krishnamurthy, former director of state forensic science laboratory, also approached the high court on Wednesday and offered assistance to the police in creating awareness amongst general public about internet-related economic offences and in investigation as well.
The court then directed that Krishnamurthy should meet the additional commissioner of police, EOW, and put forth her suggestions. The court has directed the senior police officer to hold a meeting with the retired forensic expert within two weeks.