Mumbai: The economic offences wing (EOW) of Mumbai Police on Monday said it has registered fresh complaints from 160 investors against the Yash Birla Group.

These fresh complaints relate to a pending case of default on repayments of fixed deposits by Birla Power Solutions Ltd., a group firm. The company has also defaulted on interest payments to its investors.

“Birla Power Solutions has raised money from around 8,800 investors," said a senior EOW official.

Yash Birla Group spokespersons could not be reached for comments despite repeated calls.

The EOW had filed a first information report (FIR) against Birla Power Solutions and Yashovardhan Birla, chairman of the Yash Birla Group, after receiving complaints from investors.

The EOW had interrogated Birla after filing the FIR. Birla was not available for a comment immediately.

In January, the income-tax department raided at least 20 offices of the group across the country for alleged tax evasion.

In the same month, EOW had registered 28 investors’ complaints against the term investments offered by Birla Power Solutions, and a case has been registered against the company under the Maharashtra Protection of Interest of Depositors Act.

The Yash Birla group has interests ranging from health and wellness to engineering and financial services. The group’s financial health has deteriorated over time and some of its companies are facing winding up petitions filed by lenders and debtors.

The group’s official website, however, says that the group has a turnover of 3,000 crore.

The enforcement directorate (ED), which investigates instances of foreign exchange violations in the country, is also probing the Yash Birla group in connection with foreign bank accounts of the promoters, Mint reported on 13 January.

The ED is examining whether the promoter of the company has obtained the permission of the Reserve Bank of India (RBI) for transactions related to these accounts.