Write short notes on: (iv) Economic Offences Wing (EOW) under DSPE Act, 1946

Economic Offence Wings are specialized wings of state police to handle investigation of economic offences. In many state police department, the Economic Offence Wing is part of its Criminal Investigation Department (CID). Cyber Cell usually part of economic offence wing in many states. The purpose of the Economic Offences Wing (EOW) is to prevent, detect and investigate cases of economic, cyber and Intellectual Property related crimes to ensure prompt justice and desired relief to the victims. Economic and financial offences cover fraud, forgery and counterfeiting, offences against the legislation governing cheques (in particular forgery or use of stolen cheques), forgery or use of credit cards, undeclared employment, and offences against companies (such as misuse of company assets). Being a specialized wing of the state Police to deal with important cases concerning multi-level-marketing frauds, share market frauds, multi-victim frauds, foreign trade related frauds, land and building rackets, offences of forgery, cheating by individuals and Non-Banking Financial Companies, cyber-crimes, offences related to Intellectual Property Rights and such like cases.