EOW

The Economic Offences Wing (EOW) handles investigations related to financial crimes, corporate frauds, investment scams, and economic offences involving cheating, misappropriation, and breach of trust. The unit deals with complex financial transactions and conducts detailed economic investigations. Below is an overview of the typical stages involved in EOW matters:

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Complaint Filing:

The process begins when an aggrieved party files a detailed complaint alleging financial loss caused by fraudulent transactions, misrepresentation, or cheating by individuals, companies, or institutions.

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Preliminary Assessment & Inquiry:

The EOW conducts a preliminary analysis to assess whether the allegations constitute an economic offence. This may involve verifying documents, contracts, financial statements, and investment details.

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Registration of FIR:

If a prima facie case is established, the EOW registers an FIR under relevant sections of the IPC, Companies Act, Prevention of Corruption Act, or other applicable statutes.

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Investigation & Evidence Collection:

During investigation, EOW may gather:

✔ banking records
✔ digital communication
✔ financial audits
✔ statements of victims
✔ transaction trails
✔ company filings

Expert financial auditors may be engaged during complex cases.

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Search, Seizure & Freezing of Assets:

Authorities may conduct searches at offices or residences and freeze bank accounts, properties, and assets connected to the offence to prevent dissipation of funds.

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Interrogation & Custody Proceedings:

Suspects may be questioned, and in certain cases, arrested. Courts may grant custody for custodial interrogation where required to trace funds or conspirators.

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Charge Sheet Filing:

After completing the investigation, the EOW submits a charge sheet detailing offences, financial evidence, and witness statements.

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Trial & Adjudication:

The case proceeds to trial where both prosecution and defence present documentary evidence, financial records, and expert testimony before the court.

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Judgment & Sentencing:

Upon conviction, penalties may include imprisonment, fines, recovery of defrauded amounts, and confiscation of assets.

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Appeals:

Aggrieved parties may challenge orders before higher courts to review findings, procedural compliance, or sentencing.