Archive · 28 Sep 2026
Mumbai EOW Records ₹5,485 Crore Fraud in Eight Months
Mumbai’s Economic Offences Wing investigates large money-related crimes.
It recorded 80 alleged financial-fraud cases by August 31, 2026.
Together, those cases involved about ₹5,485 crore.
There were slightly more cases than during the same period in 2025, but the total amount was much smaller.
In the first week of September, police opened two especially large cases.
Investigators say people connected to companies created shell companies and used false documents.
The documents were allegedly used to send money abroad and avoid taxes.
The EOW is still investigating both cases.
Mumbai’s Economic Offences Wing registered 80 alleged financial-fraud cases worth ₹5,485 crore through August 31, 2026.
The EOW recorded five more cases but a lower total amount than during the same period in 2025.
In the first week of September, two alleged fraud cases involving approximately ₹7,379 crore were registered.
The cases allegedly involved shell companies and fraudulent Form 15CB certificates used for foreign-currency remittances.
The EOW alleges that ₹2,575 crore and ₹4,804.54 crore were transferred abroad in the two cases, causing tax evasion and government losses.
- Who
- Mumbai’s Economic Offences Wing is investigating alleged financial fraud involving chartered accountants, company directors and others.
- What
- The EOW registered 80 alleged financial-fraud cases worth ₹5,485 crore through August 31, 2026, followed by two September cases totaling approximately ₹7,379 crore.
- When
- The main data covers January 1 through August 31, 2026; the two additional cases were registered in the first week of September 2026.
- Where
- Mumbai, with alleged money transfers made abroad.
- Why
- Investigators allege that shell companies and false Form 15CB certificates were used to remit money abroad, evade taxes and cause financial losses to the government.
- Cases through August 2026
- 80 alleged financial-fraud cases
- Amount through August 2026
- ₹5,485 crore
- Same period in 2025
- 75 cases involving ₹15,296.94 crore
- September 2026 cases
- Two cases involving approximately ₹7,379 crore
- First September case
- Approximately ₹2,575 crore allegedly transferred abroad
- Second September case
- Approximately ₹4,804.54 crore allegedly remitted abroad
- Investigating agency
- Mumbai Police Economic Offences Wing