Pune, July 25 (IANS) The Economic Offences Wing (EOW) of Pune Police has extradited and arrested Avinash Arjun Rathod, the mastermind behind a Rs 88 crore investment fraud case, from the United Arab Emirates (UAE) after completing the required international legal procedures.Rathod is accused of duping investors of nearly Rs 88 crore by luring them with promises of unusually high returns.According to officials, Rathod had been absconding for a prolonged period, prompting investigating agencies to…
Latest Maharashtra Protection of Interest of Depositors Act News & Updates
Mumbai, July 1 (IANS) In a significant legislative move to crack down on modern financial scams and expedite justice for duped investors, the Maharashtra Legislative Assembly on Wednesday passed a crucial Bill to amend the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 for addressing modern digital asset fraud and tightening judicial loopholes. The Bill was presented by the Minister of State for Home, Yogesh Kadam.Acknowledging the evolving landscape of …