Mumbai: The Enforcement Directorate(ED) has been taking action against financial irregularities, corruption, and large-scale money laundering involving current and former ministers, politicians, their relatives, prominent businesspeople, banks, and institutions in the state.

While ED’s operations have caused a stir, Mumbai Police's Economic Offenses Wing (EOW) has been investigating 69 cases involving fraud worth ₹3,514.44 crore over the past 11 months. In 2025 new 5 fraud cases has been registered.

Data from the Past Seven Years (Up to November 2024) : Fewer Cases, But Higher Fraud Amounts involved into Fraud Cases. In 2018, 123 cases were registered with the EOW, involving fraud worth approximately ₹4,072 crore. However, only assets worth ₹45.49 lakh were seized.

During the COVID-19 period, this figure surged to ₹9,681 crore. Subsequent years saw fraud amounts of ₹4,774 crore in 2021, ₹4,986 crore in 2022, and ₹2,203 crore in 2023. By November 2024, in just 11 months, the figure rose again to ₹3,514 crore. In 2025 5 Cases has registered including big scam like Torres and Moneyedge.

Pending Cases Due to Long Investigations : Cities like Delhi, Jaipur, and Kanpur have higher conviction rates compared to Mumbai. Financial crime investigations take longer as they rely heavily on documentary evidence.

Reports from forensic experts, bank statements, and handwriting analysts form part of the charge sheet, causing delays. Experts believe this is why many cases remain pending as officials take time for thorough examination.

Focus on Frauds Over ₹10 Crore : In 2007, the EOW handled cases involving financial irregularities of over ₹50 lakh. In 2014, this limit was raised to ₹3 crore, and in 2018, it increased to ₹6 crore.

Now, cases involving frauds above ₹10 crore are under the EOW's purview. This shift is expected to reduce the department's workload by limiting the number of cases investigated.

Statistics for the last seven years (up to November 2024)

Year Cases registered solved FraudAmt