Still a long way
to go !
Times
of India ( 26 Aug 2016 ) carries following news report :
"
CVC TELLS CBI TO
SHARE DETAILS OF BIG-TICKET FRAUDS WITH ED "
NEW DELHI :
" The Central Bureau of Investigation has
been asked by the CVC to share details on big ticket frauds with the
Enforcement Directorate so that the provisions of anti-money laundering Act can
be invoked at the stage of investigation itself.
The decision comes as there have been cases of
corporate frauds involving crores of rupees.
The CVC has asked CBI to share relevant details on big ticket frauds with the ED so that provisions of Prevention of Money Laundering Act can be invoked at the stage of investigation itself, officials said today.
They said it will help in taking stringent
action against the fraudsters during the investigation stage itself.
There has been cases where ED is roped in at later stage by the CBI and at times, it results in losing out crucial leads and also cause delay in punishing the accused or trace money laundered by them, the sources said, adding that the CBI has started sharing relevant details with the ED.
In a related development, the CBI has also been
made the nodal authority for public sector banks to report high value frauds
worth over Rs 50 crore.
A Joint Director level officer has been authorized in the CBI to receive complaints of the frauds from the banks. After receiving such reports, the officer can recommend investigation by any of the agency's wings ( Anti Corruption, Economic Offences or Bank Security and Fraud Cell ).
The Chief Vigilance Officers, who act as
distant arm of Central Vigilance Commission (CVC) to check corruption, of banks
have been asked to act as nodal officers to coordinate in reporting such cases
to the CBI.
A total of 171 bank fraud cases involving funds of over Rs 20,000 crore were probed by the CBI last year. "
There is no doubt , this type of co-ordination between different
Agencies of the Government dealing with Economic Fraud will
help , but what will bring about a complete SEA CHANGE in the
process of quickly catching the culprits , will only happen when my following
suggestion ( sent as hard-copy to PMO on 06
Nov 2014 ) , gets implemented :
--------------------------------------------------------------------------------------------------------------------------------
E -
Governance ?
Can e-Governance help
eliminate corruption ?
Most certainly
Look at the following ,
partial list of Central and State Agencies
set up to fight fraud , money-laundering , corruption , tax-evasion , economic
crimes etc :
* Public Accounts
Committee (
PAC )
* Central Vigilance
Commission ( CVC )
* Central Information
Commission ( CIC )
* Research and Analysis
Wing (
RAW )
* Serious Fraud
Investigation Office ( SFIO )
* Information
Bureau
( IB )
* Economic Offence
Wing
( EOW )
* Central Bureau of
Investigation ( CBI )
* Department of Revenue
Intelligence ( DRI )
* Comptroller and
Auditor General ( CAG )
* Anti Corruption
Bureaus ( States ).... ( ACB )
* Enforcement Directorate
( ED )
* Lok
Ayukts ( States )
* Lok
Pal ( Central
)
Despite such an army of
Agencies , how do corrupt manage to get away ?
Or , in case caught , manage
to delay delivery of punishment for years ?
No doubt , there must be
several reasons , including , inter - agency rivalry to get credit - something
difficult to eliminate altogether
But , I believe , the most
important reason is :
Lack of a COMMON / COMPUTERIZED database of all
offences / cases / persons being investigated
And , which is readily "
Accessible " to all of these
Agencies , all over the country ( 24 * 365
)
Already , every Agency
compiles huge dossiers on " Suspects
" in its own
" Departmental Database " , which is never
shared with other Agencies ,
leading to ,
* Huge amount of
duplication of efforts / information
* Fractured /
scattered profiles of " Suspects
"
* Enormous waste
of time / resources
What will help ?
* Dismantling of individual departmental
databases
* Merging of all Agency-wise databases into a SINGLE / UNIQUE database
* All Agencies to enter
their findings / data / info into this COMMON
database , with nothing preserved on local
computers
* All data-entry FORMS to
be ONLINE . No paper forms at all
* All local computers
connected to ultra-secure Network (
Encrypted )
* " Access Rights
" to individuals , based on Biometric
Identification
I believe , not only such an " INTEGRATION OF DATABASES
" is highly desirable , it is also ENTIRELY
POSSIBLE , if there is a POLITICAL
WILL
And I don't think , this will require
passing of any law in the Parliament
-----------------------------------------------------------------------------------------------------------------------------
26 Aug 2016
www.hemenparekh.in
/ blogs
-----------------------------------------------------------------------------------------------------------------------------
with regards,
hemen parekh
Marol , Mumbai , India
( M ) +91 - 98,67,55,08,08
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