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DEO launches awareness campaign against 'deposit-mobilising firms'

DEO launches awareness campaign against deposit-mobilising firms
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Kolkata: The Directorate of Economic Offences (DEO) has taken up a massive awareness campaign in some of the districts after receiving complaints that some "deposit-mobilising companies" are collecting money after promising substantive return in goods and services.
This comes at the time when the directorate has launched its official website, www.wbdeo.com to help common people get information on deposit-mobilising companies to avoid being cheated. At the same time, such companies will also have to file their returns and provide all sorts of data through the website.
Chief Secretary Malay De, Director General of Police Surajit Kar Purkayastha, Home Secretary Atri Bhattacharya and Bibhuti Bhusan Dash, Director of Directorate of Economic Offences were present in the event in which the website was launched.
It may be mentioned that the directorate that had been functioning for almost the past one year, is entrusted with enforcement of West Bengal Protection of Interest of Depositors in Financial Establishments Act (WBPIDFE).
Recently, the directorate has received complaints from three to four districts in the state alleging that some companies are collecting money through different schemes after assuring goods and services in return. Earlier, such companies used to assure a high rate of interest to woo more investors.
Besides creating awareness among people of these districts, many were also being arrested and they include owner, director and key persons, who prepare the entire scheme of collecting money from common people.
The directorate is also working to identify all such companies in the districts.
Dash said: "All such institutions have to submit their documents online. An advertisement in this regard will be given announcing the date by which the data related to the company's details have to be submitted to the directorate. Necessary steps will be taken in case there is any delay in submitting the same."
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