1. Economic Offences Wing (EOW) – Police Unit

• Function

  • Specialized law-enforcement unit dedicated to investigating complex financial and economic crimes.

  • Handles cases involving banking frauds, investment scams, job rackets, share-market malpractices, and counterfeit documentation.

• Jurisdiction

  • Jurisdiction varies by state or city and is often determined by the financial threshold of the offense.

  • For example, units such as the Economic Offences Wing, Mumbai, take up cases only when the monetary value crosses a specified limit.

2. Acts Commonly Associated With “EOW”

• Fugitive Economic Offenders Act, 2018

  • Enacted to deter and take action against economic offenders who evade Indian law by staying outside the country.

  • Enables authorities to confiscate properties of such fugitives and ensure they face legal proceedings.

• Economic Offences (Inapplicability of Limitation) Act, 1974

  • Removes any limitation period for prosecuting individuals involved in economic offenses.

  • Ensures that serious financial crimes can be pursued regardless of when they were committed.