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Stringent Central law needed to tackle economic offences: Minister

The state government will urge the Centre to pass a stringent law to protect the interests of depositors who lose money after investing in bogus schemes.

The state government will urge the Centre to pass a stringent law to protect the interests of depositors who lose money after investing in bogus schemes.

Home Minister R R Patil said,in reply to a question by Sureshkumar Jethalia,in the Assembly on Friday that though the state had come up with a law to protect the interests of depositors,it had been struck down by the High Court on technical grounds. The state had approached the Supreme Court too in this regard.

Patil said the government would get the Centre’s consent for passing a law to curb economic offences. He said such incidents occur in every state where people were promised lucrative returns by bogus firms.

In some cases,victims have registered complaints in other states against such firms in Maharashtra. The Economic Offences Wing (EOW) would be constituted at the district level,he said.

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First published on: 27-03-2010 at 01:16:11 am
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