Investigation Can't Linger For Years Keeping Investors In Lurch: Bombay HC Pulls Up Mumbai Police's EOW Over Delay In Finishing Fraud Probe
Live LawPulling up Mumbai Police's Economic Offences Wing for the delay caused in properly investigating a "fraud" case under the Maharashtra Protection of Interest of Depositors Act, the Bombay High Court recently observed that investigations in a criminal case cannot be permitted to linger on for years, keeping investors in the lurch.A division bench of. Pulling up Mumbai Police's Economic Offences Wing for the delay caused in properly investigating a "fraud" case under the Maharashtra Protection of Interest of Depositors Act, the Bombay High Court recently observed that investigations in a criminal case cannot be permitted to linger on for years, keeping investors in the lurch. Observing that it was a "classic case where investors have been let down" by the Economic Offences Wing of the Mumbai Police, the bench in its December 17 order said: " We are extremely unhappy with the manner in which the EOW, Mumbai has taken four years to file even a basic charge-sheet against the accused. "Considering the manner in which the case is being investigated for four years, we even questioned Mr Venegavkar that if the police was not interested in investigating the case and in filing the charge-sheet, we could transfer the said investigation to Special Investigating Team, having regard to the number of investors, and the delay of almost four years by the EOW, Mumbai, in concluding the investigation, for reasons best known to them," the bench said.
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