After receiving a series of complaints against bogus banking companies for cheating consumers and disappearing with their hard earned money, the Uttarakhand government has decided to form a dedicated wing to handle such cases.

Uttarakhand Chief Secretary Utpal Kumar Singh said that Economic Offences Wing would be formed and it will work under Special Task Force (STF) with an aim to solve economic offences across the state.

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Police compliant would be lodged against fake banking companies in the state. Chief Secretary Utpal Kumar Singh said, “Necessary steps would be taken to amend Uttarakhand Protection of Interests of Depositors Act (PID Act).” He was saying this while chairing Reserve Bank of India’s state level coordination committee meeting held in Dehradun on Wednesday.

The Reserve Bank of India will be holding a series of awareness campaign on PID Act in the state. The officials expressed concern over functioning of 12 multi-state cooperative societies in the state.

They said that these cooperative societies are not authorised to take and deposit cash from their members and to do banking without taking permission from RBI in the state.

Many expressed concerned as even the address of these societies were found incorrect in an inquiry held by Registrar of cooperative societies.

It was decided to lodge an FIR against them and to arrest them from the state, where their headquarters have been established. A letter would be submitted to Central Registrar Societies urged to cancel their registration.

The High Court would be requested to sanction the court of Session Judge with an aim to deal with economic offences in the state. The officials had a discussion to stop misleading advertisements and fake toll free numbers in the state.

The RBI officials said that action has been already taken against Uttarakhand Gramin Muslim Fund Trust, Aradhya Consumer Sales Reliance Cooperative Bank, Manav Jan Kalyan Evam Janhit Sansthan, Janshakti Multi State Cooperative Society, Dhaenu Agro Producer Company Limited, and Ever Green Multi State Multi -Purpose Society as these societies were found guilty of running banking facilities without the permission of RBI in the state.