CVC backs Vasundhara Raje govt’s gag ordinance to protect babus from corruption probe : indiatoday.in

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http://m.indiatoday.in/lite/story/anti-corruption-academy-central-vigilance-commission/1/1074118.html

Amid raging controversy over the Rajasthan Government’s ordinance, the Chief Vigilance Commissioner KD Chaudhary has backed law to protect ministers and bureaucrats from corruption investigation.

“Barring bribery cases where trap is being laid, there should be some internal check before the case is registered,” he told media persons on the sidelines of a workshop organised by Anti-Corruption Academy.

“The Central Vigilance Commission (CVC) is on record that there is a need for somebody within the organisation to apply his mind and say that there is a criminality in this and there is a consent given before a case is registered,” said Chaudhary.

At the moment sanction is given when the case reaches the prosecution stage.

The CVC said, “Given the fact that today people (officials) handle diverse kinds of situations, like banking and atomic energy. These are complicated things and every organisation has different protocol of working. Some require approval whole some do not.

“When these things are done, an outside agency may say ‘look here, this is a fraud’, but within the agency that may not be the case,” he added.

“If it is a straight case of bribery or a trap we are not saying you take somebody’s approval. So there is a need for someone to apply his mind before criminal agency takes over because, one, the agency books a case. Then investigation takes a lot of time. Then trial takes time. In the meantime, the career of the officer is ruined,” the CVC said.

The Chief Vigilance Commissioner also red-flagged the growing menace of shell companies. “Some say there are three lakh, some say four lakh shell companies. But more than the number, it is the quantum involved that is more damaging because they are used for more than one purpose. One is to route money. The other is to bring money in form of premium capital like Rs 10 share is issued for a worthless company at Rs 1,000. So people try to white wash money that way,” he said.’

“Shell companies are also used to create long term capital gains,” he further added.

“Though the government has cancelled licences of some of these companies, it has become a menace,” said Mr Chaudhary.

“Regulation is there to some extent but may be we need more teeth. But the PMLA and other enforcement agencies have to catch up. Unless we take up a few cases and take them to a logical conclusion the fear of law will not be there,” he added.

Vigilance Commissioner wants banks to follow standard operating procedures to check frauds — newindianexpress.com

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http://www.newindianexpress.com/business/2017/oct/24/vigilance-commissioner-wants-banks-to-follow-standard-operating-procedures-to-check-frauds-1681429.html

NEW DELHI: Central Vigilance Commissioner KV Chowdary today laid emphasis on adherence to standard operating procedures (SOPs) by banks to check frauds.

Addressing an event here, he said in the last two years or so the banks had been in the news for the wrong reasons.

“Banks have lost a lot of money. When I say banks have lost the money that means the nation has lost a lot of money and public in turn has lost a lot of money. Banks have been in a bad light,” Chowdary said.

He said while some large frauds are very well-planned ones, the small ones were not that well-planned.

“Some say automation is the best way to prevent a fraud.

I think automation is the solution provided it is automated in the right sense. So bring a preventive mechanism. You need to be a thief. You need to know where the system can be manipulated,” Chowdary said, inaugurating a conference on financial frauds organized by Anti-Corruption Academy, a private organization.

The need for preventive vigilance or what we call standard operating procedures is very important, he said, referring to frauds in banks.

Chowdary said there was a need to skill accountants and other people associated with the banking sector to help them check frauds.

Various banks reported 4,851 cases of fraud involving about Rs 23,902 crore during 2016-17, according to a reply given by the finance ministry in Parliament in July this year.

A National Essay Writing Competition on “My First Exposure to Corruption” for School Students on PAN India basis.

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ACA is going to conduct a National Essay Writing Competition on “My First Exposure to Corruption” for school students on PAN India basis. Registration will be opened online from June onwards. For latest updates, please keep visiting our site: Anti Corruption Academy

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Parenting Programme for Working, Educated Young Mothers & Housewives.

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parenting_acaindiaACA Academic Council along with some reputed psychologists is designing a Special Capsule Programme on Parenting for educated,working and young mothers “Raising Responsibilities”. Some of the important topic of this workshop is:

1. What is parenting?

2. Why a Mother is so important?

3. Materialism vs. Spiritualism.

4. Addressing the Negatives of Technology.

5. Great Mothers.

6. Concept of Family. 

 

 

 

 

DELHI CONFERENCE: Anti Corruption Academy (ACA) is going to host Delhi Conference on 26th April 2016 at IIC Auditorium

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ACA is going to organize National Launch & Delhi Conference on 26th April 2016 at IIC Auditorium, New Delhi. Various National & International Dignitaries will attend this conference.

Register yourself & be a part of the constructive initiative.

 

Some of our Prominent Speakers from International & National boundaries are:

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Mrs. Deepak Sandhu

 

Mrs. Deepak Sandhu  is the former Chief Information Commissioner of the Central Information Commission of India. Sandhu became the first woman Chief Information Commissioner. She is an Indian Information Service officer of the 1971 batch.Principal Director General(Media & Communications), Press Information Bureau.

 

 

 

 

 

 

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Prof. M. M. Pant

Prof. M.M. Pant is promoting the ideation, development and delivery of educational products, processes and services for the next generation learning space in the post Internet post WTO world. In tune with the emerging Knowledge Economy, he is exploring the creation of quality Knowledge products and ways of enhancing the productivity of Knowledge workers.

 

 

 

 

 

 

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Prof Subramanian

 

Prof. Subramanian (INDIA) is currently the Director of distance learning in IT with the Indira Gandhi National Open University (IGNOU). He held important positions such as Senior Deputy Director General at National Informatics Center (NIC), Ministry of Communications & Information Technology, New Delhi, and the Information Technology Advisor to Comptroller & Auditor General of India.

 

 

 

 

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Mr. S.M. Khan

 

Mr. S.M. Khan, is a senior Indian Information Service officer of Government of India currently serving as Director General (Press Registrar and Head of Department), Registrar of Newspapers for India.

 

 

 

 

 

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Mr. Dominic Le Moignan

 

Mr. Dominic Le Moignan, Director with the Secretariat of the International Governance and Risk Institute has been responsible for managing projects for the UK Foreign and Commonwealth Office, The American Bar Association, Chartered Institute of Securities and Investment, Qatar Financial Centre, , Ministry of National Security Trinidad and Tobago, Integrity Commission Trinidad and Tobago, Czech National Bank, Malaysia Anti-Corruption Commission.

 

 

 

 

 

 

 

 

 

 

 

 

 

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