Black money: SIT brings new intel agency on board

February 15, 2015

New Delhi, Feb 15: In order to speed up its probe into cases of illegal funds stashed abroad, the SIT on black money has roped in one more economic intelligence agency -- CEIB -- as the main "coordinating body" between all the investigative and enforcement agencies which are part of the high-powered panel.black money probe

The Special Investigation Team (SIT) had wanted to name the Enforcement Directorate (ED) as the chief coordinating agency for the panel -- which has close to a dozen central agencies working on it -- but chose the Central Economic Intelligence Bureau (CEIB) for the important role.

The SIT zeroed in on CEIB after it was found that the agency had all the resources at its disposal for handling the role while ED is already overburdened with money laundering and foreign exchange violation cases and is facing a manpower shortage as well.

"CEIB has recently been appointed as the main coordinating body for the SIT. It is the 12th agency which will work with the SIT on black money, albeit from the sidelines and not as a part of the core panel," said sources privy to the development.

Set up in 1985, CEIB is the nodal agency for coordinating financial and economic intelligence data and ensuring effective interaction among all the agencies concerned which are engaged in dealing with economic offences in the country.

"CEIB has been tasked with coordinating all cases of black money under the scanner of the SIT and it will also compile various cases being investigated by different probe agencies and bring it on the table for scrutiny by the SIT.

"It is doing an important job in view of the fact that some cases will get time-barred on March 31," they said.

The SIT on black money, headed by Justice (retired) MB Shah and with Justice (retd) Arijit Pasayat as its Vice Chairman, has as its members the heads or top officials of various departments and agencies.

Among these are the Secretary (Revenue) in the Finance Ministry, an RBI Deputy Governor, Directors of IB, ED, RAW, Financial Intelligence Unit and CBI, CBDT Chairman, DG Narcotics Control Bureau, DG DRI and the Joint Secretary (Foreign Tax and Tax Research Wing) in the Finance Ministry.

"CEIB last year provided a list of 600 Indians who were understood to possess illegal bank accounts abroad after it obtained these through its secret channels.

"The agency is now working with the SIT secretariat to bring together all the operational cases under this domain and also help the panel in formulating an opinion on policy matters in this regard," the sources said.

The high-powered SIT has recently said it has widened the scope of its investigation to include some new names that figure in the list of account holders in HSBC's Swiss arm after information in this regard was released recently by an international body of journalists.

CEIB, as part of its routine tasks, also functions as the clearing house for all economic intelligence and provides a platform for such exchange between various agencies in the country who are also the part of the SIT.

The SIT was created by Supreme Court and notified by the government last year to curb black money.

CEIB also provides intelligence to various agencies to check cases of tax evasion, money laundering, smuggling and terrorist financing, among others.

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News Network
May 28,2020

Bhopal, May 28: A Bhopal-based high net worth individual hired a 180-seater A320 plane of a private carrier to ferry four family members to New Delhi, in a bid to avoid crowd at the airport and in flight amid the COVID-19 outbreak, officials said on Thursday.

The person, who is a liquor baron, chartered the aircraft to send to Delhi his daughter, her two children and their maid, who were stuck in Bhopal since the last two months due to the coronavirus-induced lockdown, sources said.

The plane arrived here from Delhi on Monday with crew only and flew back with just four passengers for whom it was specially hired, they said.

"The A320 180-seater plane arrived here on May 25 to carry four members of a family, probably due to the coronavirus scare. It was chartered by someone and there was no medical emergency, an airline official said, refusing to divulge any further details.

Bhopals Rajabhoj Airport Director Anil Vikram could not be contacted for comments.

According to aviation experts, the cost of hiring an Airbus-320 is about Rs 20 lakh.

Domestic commercial flight services resumed from Monday, after a nearly two-month break due to the coronavirus-enforced lockdown.

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Agencies
April 23,2020

More and more Indians have become better prepared in the last one month, as far as stocking of their ration, medicine or money is concerned, according to the IANS-CVoter COVID-19 Tracker.

With the second leg of the lockdown half way through and Prime Minister Narendra Modi saying it's a long haul, 57.2% respondents said they have less than three weeks of stock while 43.3% said they have a stock that will last beyond that

However, if one breaks into weeks, most respondents said they are prepared for a week's time. 24.5% respondents said they have ration, medicine or money to last a week. This is closely followed by 21.9 % respondents saying they are ready for a month.

Meanwhile, 20.4 % said they are ready for a couple of weeks. There are 15.8 % who said they are ready for more than a month with food, ration and medicine. A tiny 5.6 % said they are ready with three weeks of stock.

However, there is 12.3% who still seem to live on the edge with less than a week's preparation.

But, the biggest takeaway from the IANS-CVoter COVID-19 Tracker is that in the last one month, a massive segment of society realised that the fight is long and the preparation should also be to last that long.

o put things into context, on March 16 when the tracker started, a whopping 77.1% said they have stock to last for less than a week. More than a month later on April 21, that number jumped to just 12.3%, which essentially means, people have become better prepared for a long-hauled lockdown period.

Similarly, on April 21, a sizable 21.9% respondents claimed they are ready with ration and medicine that will last them a month. On March 16, not even one respondent could claim they have a month's stock. In fact till March 22, just ahead of the announcement of the first lockdown, no respondent the IANS-CVoter tracker said that they have a month's preparation.

Similarly, when the tracker started, 9.9% said they simply ‘don't know'. As on April 21, that number is a big zero.

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News Network
May 12,2020

New Delhi, May 12: With 3,604 more COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases reached 70,756, said the Union Ministry of Health and Family Welfare on Tuesday. 87 deaths were reported during the period.

As per the tally, 46,008 patients are active coronavirus cases while 22,454 patients have been cured/discharged and one patient has migrated.

With 87 deaths due to COVID-19 reported in the last 24 hours, the number of deaths has risen to 2,293.

As per the ministry, Maharashtra has the most number of coronavirus cases with 23,401 cases with 4,786 patients being cured/discharged while 868 deaths have been reported in the state.

Gujarat is second on the list with 8,541 cases that include 2,780 patients recovering from the disease and 513 fatalities.

Tamil Nadu's tally reached 8,002 cases, including 2,051 recoveries and 53 deaths.

While Delhi's tally stands at 7,233 cases with 2,129 patients recovered and 73 deaths.

Meanwhile; Mizoram (one case reported--now recovered), Goa (seven cases reported and all seven recovered), Manipur (Two cases reported and both patients recovered) and Arunachal Pradesh (one case reported--now recovered) have reported no new cases in the last 24 hours.

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