ECONOMIC OFFENCE

Economic Offences form a separate category of criminal offences. Economic offences, such as counterfeiting of currency, financial scams, fraud, money laundering, etc. are crimes which evoke serious concern and impact on the Nation's security and governance.

Economic Offences form a separate category of criminal offences. Economic Offences not only victimize individuals with pecuniary loss but can also have serious repercussions on the national economy. Economic offences, such as counterfeiting of currency, financial scams, fraud, money laundering, etc. are crimes which evoke serious concern and impact on the Nation’s security and governance.

Economic crimes covered under are also covered by certain provisions under the penal Code and also include:
1. Bank Fraud
2. Insurance Fraud
3. Credit Card Fraud
4. Company Fraud

Further On

The Indian Penal Code contains provisions to check economic crimes such as Bank Fraud, Insurance fraud, Credit card fraud, stock market manipulation, etc. The local police deal with the IPC crimes falling under the broad categories of ‘Cheating’ (Section 415-424), ‘Counterfeiting’ (Coins & Stamps Section 230- 263A and Currency Section 489A-489E) and ‘Criminal Breach of Trust’ (Section 405-409).
Economic Offences are dealt with by Joint Commissioner of Police (EOW) Overall in-charge and supervising officer of the Economic Offences Wings which investigate complicated white collar crime viz; general, cheating, frauds in banking and medical fields, job racketing, shares and bogus stamp cases.

The ART of presenting facts and cross-examination are of vital importance in the EOW cases to extract truth from the false hood.