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RTI shocker: Financial crimes worth Rs 19,671 crore in Mumbai alone since 2015
Updated On: 05 March, 2018 08:11 AM IST | Mumbai | Sanjeev Shivadekar
Data obtained from Economic Offences Wing via RTI reveals shocker: financial crimes have doubled since 2006; cases of fraud worth Rs 19,671 crore in Mumbai alone since 2015; of the 80 cases that went to court, only 20 saw conviction
Nirav Modi - Rs 12,636 cr
Nirav Modi, Vijay Mallya and Lalit Modi aren't the only fraudsters giving the police a run for their money. While these three are being chased by the CBI, Mumbai Police's Economic Offences Wing (EOW) is on the hunt for 184 financial felons, who too are on the run. What's more, since 2015, the EOW has registered cases to the tune of Rs 19,671 crore, but only Rs 2.5 crore has been refunded to defrauded investors so far.
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