What Is EOW | EOW Full Form | Information About EOW

What Is EOW | EOW Full Form | Information About EOW
What Is EOW | EOW Full Form | Information About EOW

What Is EOW | EOW Full Form | Information About EOW

What Is EOW: When there is no agency in a state to investigate related to economic crimes, then the investigation of such cases is done by the police itself. But if we talk about the Union Territory of Delhi, the investigation of economic crimes in such states is done by the Economic Offenses Wing (EoW). It is also called the Economic Offenses Cell in the official language.

When there is a case of fraud or misappropriation of more than one crore, then the responsibility of investigating it lies with the Economic Offenses Wing ie EOW. This institution has the right to register the case of any major economic offense of the state by taking cognizance of its own. If you also want to know about Economic Offense Wing ie EOW, then here what is EOW, what is the full form of EOW, information is being given in English.

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Table Of Content(toc)

EOW Full Form

The full form of EOW is the “Economic Offenses Wing”, which is pronounced as the ‘Economic Offense Wing’. It means “Economic Offenses Cell” in English. It is a government organization, which investigates cases related to economic crimes in the country. This organization has a special contribution to the service of the country.

Economic Offenders Act (Law Of EoW)

A law has also been made for this institution by the constitution, the officers and employees of this institution run the legal process according to the constitution. Through this law, the Indian criminals hiding abroad are tightened. Through this law, the government can acquire the property of any criminal, and the right to take strict action against him is derived from the constitution. Under this law, the criminal who commits an economic offense has the right to confiscate all Benami properties inside and outside the country.

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According to this law, economic offenders are such persons who defraud up to an amount of Rs 100 crore or more. He is absconding from India or refuses to come to the country to get rid of judicial action in India.

Under this, a provision has been made to attach the property of the economic offender leaving the country. And it states that the economic offender will not be entitled to make any civil claim after leaving any country. In this type of case, it has been told about appealing to the High Court against the orders issued by the special courts.

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Rules And Regulation

The rules and regulations of EOW work in the following areas. Whose information is given as follows –

  1. Prevention of Corruption Act, 1988
  2. List of Registered NBFCs
  3. Banking Related Acts
  4. GST Act
  5. Supreme Court and High Court Judgments
  6. Vigilance Manual
  7. Ministry of Law and Justice
  8. Arms Act
  9. Central Act

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