Context :
( source : Hindustan Times – Print Edition – 11April
2023 )
The
Centre will by end of May roll out a new data repository
called the National Economic
Offence Records, which will provide real-time information on white-collar
crime and criminals to
law enforcement and intelligence agencies.
The
web-based database will integrate data of all key financial
crimes investigated by intelligence and probe
agencies including ,
# CBI
# ED
# Income-tax department ( IT )
# Directorate of Revenue and Intelligence ( DRI )
# Serious Fraud Investigation Office ( SFIO )
# GST Intelligence,
# Customs, etc.,
-
for
better coordination and quick dissemination information, officials said
“Created on the lines of National Crime
Records Bureau, which collates and analyses data related to all crimes across
the country, the NEOR will focus only on financial crimes,”
an official said, seeking anonymity.
The
repository was envisaged in 2019 by the Central Economic Intelligence
Bureau, the nodal agency on economic intelligence under the finance ministry,
but it could not take off due to the pandemic.
The
NEOR will be different from NEIN as :
Ø It can be accessed by all economic
offences’ probe officers anywhere
in the country;
Ø They
would also be able to update
their findings in real-time,
Besides,
all studies and analyses related to :
# hawala (informal cross-border transfer of
funds),
# modus operandi such as trade-based money
laundering,
# use of businesses to transfer funds to terror
organisations,
# tax havens across the world
# diversion of income
# corporate frauds
-
will
be maintained in the system, he said.
“A
centralised repository is a much-needed
reform, which will significantly help prosecutorial efforts, and hopefully cut down investigation time by making available data that
normally would take several months to obtain,” said Sherbir Panag, an expert on
white-collar crime and founder of Panag & Babu, a law firm.
“At
the same time, the rights of accused persons must be protected, and
investigations must not be prejudiced merely on account of FIRs,” Panag added.
My Take :
Dear Narendrabhai ,
During past week, [ and especially after the Supreme
Court verdict dismissing the petition filed by some Opposition Political
Leaders ] , on a number of occasions you have publicly vowed to put an end to White Collar Corruption in
our country, which was allowed to spread like a Cancer , over past many decades
No one can doubt your sincerity of purpose
But , with 2024 General
Elections approaching fast , question does linger in the minds of
citizen :
“ Can / Will , the Bureaucrats keep up with your seriousness ? “
Reason for
this doubt :
It has taken the bureaucrats , some 9
YEARS
to come close to implementing my following
suggestion ( sent as Emails to all the Cabinet Ministers ) :
E - Governance ? …………. 03 April 2014
Extract :
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 )
> Central Bureau of
Investigation ( CBI )
> Comptroller and Auditor
General ( CAG )
> Anti Corruption Bureaus ( States ).... (
ACB )
> Enforcement
Directorate
( ED )
> Lok
Ayukts ( States )
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
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 ?
> Merging of all Agency-wise databases into a SINGLE / UNIQUE database
with nothing preserved on local computers
> All data-entry FORMS to be ONLINE . No paper forms at all
> " Access Rights
" to individuals , based on Biometric Identification
Will BJP want to make this , a
prominent promise in their Poll-Manifesto , likely to be released on 7th
April ? (
It is high time political parties stop talking of motherhood in vague terms and start telling the voters ,
" If you vote us to power , this
is precisely what we will do , to bring about E-GOVERNANCE - and do it within
* hemen parekh
( 04 April 2014 / Mumbai
)
Following is how ChatGPT compared my 2014 suggestion with what Central
Government is about to implement
:
|
Basic Concept |
Proposal from 2014 |
NEOR Scheme by Indian Central Government |
|
Centralized
database |
Yes |
Yes |
|
Integration of
data from multiple agencies |
Yes |
Yes |
|
Real-time
information sharing |
Yes |
Yes |
|
Focus on
financial crimes |
Yes |
Yes |
|
Accessible to all
relevant officers |
Yes |
Yes |
|
Online forms and
data entry |
Yes |
Yes |
|
Ultra-secure
network |
Yes |
Yes |
|
Protection of
accused persons' rights |
Not specified |
Yes |
Related Readings :
A PARTIAL LIST OF PAST FRAUDS – SCAMS [ Source :
Janmbhumi- Pravvasi / 09 April 2023 ]
|
Serial
No |
Fraud
Known as |
Estimated
Loss to Public ( Direct + Indirect ) Rs
Crores |
|
|
|
|
|
1987 |
Bofors
|
960 |
|
|
|
|
|
1992 |
Shares
( Equity ) |
5,000 |
|
|
|
|
|
1994 |
Sugar
|
650 |
|
|
|
|
|
1995 |
|
|
|
|
Professional
Allotment |
5,000 |
|
|
|
|
|
|
Customs
Tax |
43 |
|
|
|
|
|
|
Cobbler |
1,000 |
|
|
|
|
|
|
Dinar
/ Hawaala |
400 |
|
|
|
|
|
|
Meghalay
Forest |
300 |
|
|
|
|
|
|
|
|
|
1996 |
Fertilizer
Import |
1,300 |
|
|
|
|
|
1997 |
|
|
|
|
Bihar
Land |
400 |
|
|
|
|
|
|
Mutual
Fund |
1,200 |
|
|
|
|
|
|
Sukhram
Telephone |
1,500 |
|
|
|
|
|
|
SNC
Power Project |
374 |
|
|
|
|
|
|
|
|
|
1998 |
|
|
|
|
Uday
Goyal Agri Produce |
595 |
|
|
|
|
|
|
Saag
Tree |
8,000 |
|
|
|
|
|
2001 |
|
|
|
|
Dalmia
Share |
595 |
|
|
|
|
|
|
UTI |
32 |
|
|
|
|
|
2002 |
|
|
|
|
Sanjay
Agrawal Home Investment |
600 |
|
|
|
|
|
|
Ketan
Mehta Securities |
1,000 |
|
|
|
|
|
|
Calcutta
Stock Exchange |
120 |
|
|
|
|
|
2003 |
Stamp
Paper |
20,000 |
|
|
|
|
|
2005 |
|
|
|
|
IPO
Corridor |
1,000 |
|
|
|
|
|
|
Bihar
Flood Relief |
17 |
|
|
|
|
|
|
Scorpian
Submarine |
18,
978 |
|
|
|
|
|
2006 |
Taj
Corridor |
175 |
|
|
|
|
|
2008 |
|
|
|
|
Black
Money |
2,10,
000 |
|
|
|
|
|
|
Army
Ration |
5,000 |
|
|
|
|
|
|
State
Bank of Saurashtra |
95 |
|
|
|
|
|
|
Hasan
Ali Hawala |
39,120 |
|
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
Odisha
Mine |
7,000 |
|
|
|
|
|
|
Rice
Export |
2,500 |
|
|
|
|
|
|
Zarkhand
Mine |
4,000 |
|
|
|
|
|
2010 |
|
|
|
|
Adarsh
Home |
900 |
|
|
|
|
|
|
Food
Security |
35,000 |
|
|
|
|
|
|
Spectrum
Band |
2,00,000 |
|
|
|
|
|
2011 |
|
|
|
|
2 G
Spectrum |
1,76,000 |
|
|
|
|
|
|
Commonwealth
Games |
70,000 |
|
|
|
|
|
|
GRAND TOTAL |
8,18,800 |
For details of the above-mentioned Frauds, view the
following :
https://www.youtube.com/watch?v=Z7Z20-L5WFg
https://www.youtube.com/watch?v=uAoYPGTXY0U
https://www.youtube.com/watch?v=46sCDd4AKvY
https://www.youtube.com/watch?v=9F9N52RZFvo