Too Many Cooks ,
spoil the Broth ?
------------------------------------------
Just came across following very informative /
enlightening article , written by Shri Shantanu Nandan
Sharma , Editor – Economic Times
Extract :
…… is as
much a failure of intelligence
sharing as it’s a case of
connivance, greed, faulty audit and laxity on the part of the banking
regulator, RBI.
Does the Central Economic
Intelligence Bureau (CEIB) or any other agency have a robust IT system to handle
intelligence data gathered from across the country ?
Not just that, according
to the agency’s revised charter of 2003, the CEIB is the official think tank among the intelligence
agencies on issues relating to economic offences.
But a reality check of
the CEIB’s office in Delhi will tell you that it’s too small an organisation to be a
national think tank in economic intelligence
It does not have an IT
system that automatically registers each and every eco-nomic crime committed in
every nook and corner of the country. Nor does it receive the RBI’s inspection reports,
which are considered critical to analyse bank frauds, like the one in PNB
The problem, however, is
not a lack of apparatuses but in the sharing of specific intelligence inputs among a dozen
agencies that at times work in silos. The challenge is to spot new trends in economic
crimes and deploy effective deterrence.
It may well be a bigger
money laundering case which only the ED can decipher.
But what if that
information is not passed on to ED because of the laxity of state police or, possibly, turf battle.
But once there’s a
central computer system that automatically registers inputs, it will raise red
flags.
Though intelligence sharing does take
place, there are instances
when key information gets stuck due to turf battles or perceived notions that
the information is too sensitive to be passed on. Also, the government machinery is
too slow to adapt to new technology and that’s where tech-savvy fraudsters
easily beat the slow sarkari machinery.
In his article, Shri Shantanu lists following agencies
:
·
CEIB
( Central Economic Intelligence Bureau )
·
DGGI
( Directorate General of Goods and Services
Tax Intelligence )
·
ED
( Enforcement Directorate )
·
CBI
( Central Bureau of Investigation )
·
NCB
( Narcotics Control Bureau )
·
CBDT
( Central Board of Direct Taxes )
·
FIU
( Financial Intelligence Unit )
·
NCRB
( National Crime Records Bureau )
·
DRI
( Directorate of Revenue Intelligence )
·
SFIO
( Serious Fraud Investigation Office )
·
NIA
( National Investigation Agency )
EOW ( Economic Offence Wings –
State Police Agencies )
Dear Shri Shantanuji ,
I do hope the “ Powers that Be “ get to read and act
upon your suggestion for a CENTRAL / COMMON DATABASE ,
created and shared collaboratively , by all these agencies
I had made the same suggestion some 4 YEARS ago in my following blog and sent as emails to Cabinet Ministers /
PM-EAC / NITI Aayog
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