The Maharashtra government will set up dedicated financial monitoring units in every district to identify fraudulent investment schemes and protect depositors. Announcing the move during discussions on the Maharashtra Protection of Interests of Depositors (Amendment) Bill, 2026, Minister of State for Home Yogesh Kadam said the Bill also brings cryptocurrencies and virtual digital assets under its ambit to help recover victims’ losses. The amendments are significant as they aim to curb financial fraud, speed up legal proceedings, and strengthen depositor protection. The Bill also proposes stricter appeal rules and will now move forward through the legislative process.
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