Thursday, 13 March 2014

EC creates grid to curb black money

From Asian Age
Mar 12, 2014
In an all-out attempt to stamp out the use of black money in the forthcoming Lok Sabha and Assembly polls, the Election Commission has put in place a multi-agency grid comprising revenue and security intelligence agencies to keep its itself updated about suspicious financial movements.
The agencies that form part of the grid include Income-Tax intelligence and investigations, Financial Intelligence Unit (FIU), Directorate of Revenue Intelligence, Central Economic Intelligence Bureau, Narcotics Control Bureau and the snoop wings of border guarding forces of SSB and BSF and those of CISF and the Railway Protection Force. Senior officials from these departments will meet twice a week at the EC headquarters to generate common leads. This is a departure from the normal practice of sending reports to the EC. An official said, “The officials in-charge of intelligence in these respective departments will meet twice a week at the EC headquarters and take stock of all cases reported in view of the measures enforced by the poll body keeping in mind black money instances.”
In addition, the intelligence wing of the Border Security Force (BSF) will track the movement of cash, fake currency and drugs from the Pakistan and Bangladesh borders while the same would be done by the Sashastra Seema Bal (SSB) along the Nepal and Bhutan borders.
In a bid to keep itself fully updated about illegal money and other inducements, the EC has asked these agencies to compile their reports in a standard format. Then, the reports would be shared with chief electoral offices of Various States and Union Territories. EC also lays greater importance to the reports submitted by the Financial Intelligence Unit (FIU) and IT intelligence.
http://www.asianage.com/india/ec-creates-grid-curb-black-money-009

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