TWO DAY WORKSHOP OF COPS & INVESTIGATIVE AGENCIES -FOCUS ON BETTER COORDINATION AMONG INVESTIGATIVE AGENCIES TO CURB FRAUD

Jaipur, The two day workshop of police officials & investigative agencies on curbing financial frauds in the country, jointly organized by Sardar Patel Police University of Security, Criminal Justice, Jodhpur & Rajasthan Police laid emphasis on better coordination among all the investigative agencies. In 2 day dialogue the experts shared their views, observations and case studies with the delegates participating in the workshop and expressed that increasing financial frauds and cyber crimes can be tackled by better inter-disciplinary coordination among the agencies and through awareness among the masses. On the second day of the workshop General Manager & Chief Vigilance officer of Oriental Insurance Shri Rakesh Kumar shed light on “General Insurance Frauds” and appealed the cops & masses to be aware of  the terms & conditions of  insurance companies while getting insured. He gave several tips to cops as to how they can help people to abstain from frauds by insurance companies. He also said that a genuine insurance company never asks for any detail of their client through phone calls. The session on “Money laundering” was addressed by Special Director of Enforcement Directorate, New Delhi Shri Yogesh Gupta. Mr. Gupta said that during investigation in money laundering cases, the burden of proof lies with the accused and other beneficiaries. “Shell companies” session was chaired by Mr. Vivek Priyadarshi, S.P., CBI, Bhopal. He disclosed the fact that “Shell Companies” network is spread all over the world and their business is around 1 trillion dollar. In India Calcutta is the major center of “Shell Companies”. He observed that in Panama Paper Leak case, 2 lac “Shell Companies” were involved. These companies have dummy lawyers, accountants & directors in their boards. They have no contact number, address  etc, he added. Addressing the session of “Multilevel marketing frauds” Rtd. IPS, Former Special Director, CBI, Shri Balwinder Singh said that several type of financial frauds are on the increase in the countries. He said that these companies deceive the masses in a very clever manner. Mr. Singh said that to bring such culprits behind the bar, all the investigative agencies i.e. CBI, Income Tax, Custom, Directorate of Enforcement, SEBI and Police must be equipped with advance skills and work together to curb Ponzy Scams.