Around Rs 300 crore was swindled this year in the state. Crimes by non-banking financial institutions and real estate-related crimes lead the list.Hyderabad, Cyberabad, Vijayawada, Karimnagar, Guntur, West Godavari and Visakhapatnam lead the list for such crimes.According to the statistics of the State Crime Records Bureau (SCRB),Rs 282 crore was swindled by non-banking financial corporations (NBFC), stock market scams and money circulation schemes.
In land scams by individuals around Rs 63 crore was swindled.Cheating cases constitute the majority of crimes at 87 per cent followed by criminal breach of trust at 10 per cent.Around 1,100 to 1,300 offenders have been arrested in these cases this year in the state.
At least 467 cases are under investigation and only 96 cases are chargesheeted.False gift schemes, money circulation schemes, multi- level marketing, promise of high rate of interest on deposits and plantation schemes which are referred to as economic offences, are reportedly on the rise .
A CID official working in the economic offences wing said, “They not only destroy the fiscal system but also the well-knit social fabric of our society. The mental agony is much more than physical pain. Such crimes lead to suicides.”An SCRB official said, “The real estate-related crimes increased this year. Land scams by housing societies and job rackets have increased alarmingly.”“Instructions were issued to all commissioners of police and superintendents of police to book cases against multi-level marketing companies under the Prize Chits and Money Circulation Schemes Banning Act,” he added.
D.C. Article : http://www.deccanchronicle.com/hyderabad/rs-300-cr-swindled-%E2%80%9908-889
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