Economic Offences Wing

Odisha police arrest two from West Bengal in ponzi scheme scam

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Odisha police arrest two from West Bengal in ponzi scheme scam

The Economic Offences Wing (EOW) of the Odisha police has arrested two persons from West Bengal for their reported involvement in a ponzi scheme, while the money duped by them could cross ₹1,000 crore. About 800 investors from Odisha’s Ganjam district filed a complaint that they invested money in 18football.com, a ponzi scheme (multilevel marketing) … Read more

Mumbai police issues look-out notice against promoter of Cox & Kings

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Mumbai police issues look-out notice against promoter of Cox & Kings

Mumbai: The Mumbai police has issued look-out circulars against Cox & Kings (India) promoter Ajay Ajit Peter Kerkar, former director Urrshila Kerkar, chief financial officer Anil Khandelwal and two others to prevent them from leaving the country. The city police’s Economic Offences Wing is probing complaints registered by banks, Kerkar and former executives of Cox … Read more