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CBI's new wing to tackle white-collar crimes
Sunday, June 1 2003 12:48 Hrs (IST)
New Delhi: In the wake of growing "white collar" crime globally, the CBI has formed an "Economic
Intelligence Wing" to tackle it even as list of run away economic offenders was being readied for
extradition.
Highly-placed agency sources told reporters that the new wing had been formed to tackle the growing
menace of economic crime as it had developed a dangerous trend of financing terrorist crimes with
September 11 attacks in US as a pointer.
CBI has recruited a senior official of Reserve Bank of India as a technical officer to the wing along with
some Deputy Inspectors General of the agency who have been specialising in probing economic
offences, the sources said.
The first and foremost task of the wing is to track down economic offenders who have fled the country
after committing a crime and duping banks and other financial institutions of crores of rupees.
The wing has been tasked to gather intelligence and also share and act on information being provided
by organisations like Stock Exchange Board of India and Intelligence Bureau.
Meanwhile, efforts were on to bring back economic offenders like Manjit Singh Makan, Virendra Rastogi
and his brother Narendra, Amarendra Nath Gosh and J B S Bakshi, who fled the country after duping
several banks and institutions of crores of rupees.
PTI
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