Increase in financial frauds


The Government of Jammu and Kashmir accorded sanction to the establishment of an independent Economic Offences Wing in the Anti-Corruption Bureau with headquarters at Jammu. Sanction was accorded to the creation of 56 posts for the Economic Offences Wing with the concurrence of the Finance Department. These posts include one Superintendent of Police, one Senior Prosecuting Officer, three Deputy Superint-endents of Police, three Prosecuting Officers, 10 Inspectors (Executive), 10 Sub-Inspectors, 5 Junior Scale Stenographers, 20 Constables and 3 Orderlies. In a testimony of dilly-dallying approach, the Economic Offences Wing of the Jammu and Kashmir Anti-Corruption Bureau has not been made fully functional even more than two years after its sanction despite the fact that financial frauds are increasing in the Union Territory with every passing year.
Only Superintendent of Police has been posted in the Economic Offences Wing while as no serious attention has been paid towards posting other required number of officials and it is a matter of serious concern that two years was not sufficient period for the concerned authorities to take decision on method of recruitment and its notification. No doubt the present manpower in the Anti-Corruption Bureau is dealing with the economic offences also but at the same time it cannot be disputed that economic offences are separate category of criminal offences as such officials who are supposed to deal with the same are required to be trained by the Central Bureau of Investigation (CBI) Academy at Ghaziabad and by the Reserve Bank of India Staff College at Chennai. Unlike Jammu and Kashmir Anti-Corruption Bureau, the officials posted in the Economic Offences Wing of the Police in several States and Union Territories of the country have been trained at these prestigious institutions in law, accounting, computer and other important fields for better handling of economic offences. Economic offences such as credit card frauds, financial scams and money laundering are crimes which evoke serious concern and adversely impacts nation's security and governance. If the Government really wants to achieve the objectives behind setting up of this wing it should ensure that all the sanctioned posts are filled up in the shortest possible time after notification of recruitment method.

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