The Bombay High Court on Wednesday (January 15, 2024) came down heavily on the Mumbai Police over the slow-paced investigation into the alleged Torres investment scam, and ordered immediate interim police protection for the Chartered Accountant (CA) who is the whistleblower in the case.
A Division Bench of Justices Revati Mohite-Dere and Neela Gokhale questioned the Economic Offences Wing (EOW), the investigating agency. “We are shocked at the manner in which the investigation is progressing. Why didn’t you [the police] check with immigration authorities if they (the accused) have left the country or are in any other part of India? We are not happy with the investigation. Let us not mince words. You were informed in June and October last year [2024]. You are taking no steps against the persons you should be going after. Somewhere, the police are responsible. Despite getting a wealth of information, including their Telegram IDs, PAN cards, Aadhaar cards, and passport details, why didn’t you (the police) check if they (the accused) have left the shores or not?” the court said.
“Have you (the police) collected CCTV footage from the hotel where they (the accused) were staying? Do we have to tell you everything? We are not expected to monitor cases like this but where you fail, we come in. Is this the...
The income tax department has initiated a nationwide verification operation targeting fraudulent claims of deductions and exemptions in I-T returns. This action follows the discovery of organized r...