• Skip to content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Home
  • DOPT
  • 7thPC
  • OROP
  • AICPIN
  • 7thPC Excel Calculator
  • CSD
  • Contact Us

7th Pay Commission Latest News

Central Government Employees News

Recent
7th CPC Special Compensatory Allowance : FINMIN hot
Holiday List 2019

Banking transactions of govt employees under scanner

July 25, 2016 Leave a Comment

Banking transactions of govt employees under scanner

The Central Vigilance Commission (CVC) has started examining “suspicious” banking transactions of government employees to check corruption.

The first-of-its-kind initiative has been started under the aegis of Central Vigilance Commissioner K V Chowdary, who late last year got the anti-corruption watchdog included in the list of government agencies authorised to seek details from Financial Intelligence Unit (FIU) on dubious financial transactions.

FIU is tasked with collecting, analysing and disseminating information related to financial transactions suspected to be involving blackmoney or proceeds of crime.

“CVC has been notified as an agency to receive Suspicious Transaction Report (STR) related to public servants from FIU. This has happened and CVC is getting inputs,” Chowdary told PTI today.

STR is a transaction of Rs 10 lakh and above believed to be proceeds of crimes including that from black money.

Official sources said the probity watchdog is examining the inputs received from FIU.

The main aim behind this exercise is to check the flow of proceeds through corrupt means and block all channels of routing black money through the banking system, they said.

The move assumes significance as CVC is also looking into cases of alleged corruption involving multi-national companies like confectionery giant Mondelez, manufacturer of Cadbury chocolates. The US-based retail giant Wal-Mart had also come under the scanner of the Commission amid allegations that it gave bribes to government officials to obtain customs clearances and permits to set up stores in India.

Both the firms have denied any wrong doings on their part.

The examination of STR will help in checking instances of collusion between private persons and government employees while probing corruption cases, the sources said.

FIU shares information with Enforcement Directorate, Central Bureau of Investigation, Reserve Bank of India, Securities and Exchange Board of India, National Investigation Agency, Central Economic Intelligence Bureau and chief secretaries of state governments, among others.

The Supreme Court-appointed Special Investigation Team on black money is also one of the notified organisations which can seek information from FIU, an independent body reporting directly to the Economic Intelligence Council headed by the Finance Minister.

Source : Business-Standard

10
SHARES
ShareTweet

No related posts.

Filed Under: Central Government Employees News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Most Shared Posts

  • Cabinet approves 3 % DA from January 2019...
    Cabinet approves release of an additional instalment of DA to Central Government employees and DR to
    115 Shares
  • Guaranteed Pension under NPS: PFRDA...
    Guaranteed Pension under NPS: PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatr
    170 Shares
  • Confederation extends solidarity & support to BSNL Nationwide thr...
    Confederation extends solidarity & support to BSNL Nationwide three days strike from 18th Februa
    83 Shares

Categories

Recent Comments

  • Subir Kumar Bandopadhay on Recovery of excess/ wrongful payments to BSNL employees
  • Hemant on Haryana Civil Services (Revised Pay) Rules 2016
  • Diwakar Mishra on Demands of the Central Government Employees : NCJCM
  • Diwakar Mishra on Demands of the Central Government Employees : NCJCM
  • Anjani Amar on Inter-Railway Mutual Transfer – Railway Board Order
  • Shailesh on Demands of the Central Government Employees : NCJCM
  • Debi Roy on Reduction of retirement age from 60 to 58 – Status in MTNL and BSNL.
  • J GOWTHAMAN on Demands of the Central Government Employees : NCJCM
  • Shailesh Shukla on NJCA Meeting – Minimum Wage and Fitment Formula
  • A APPARAO on Authorisation of withdrawals under National Pension System

Free Newsletter – Subscribe here

Enter your email address:

Delivered by FeedBurner

Secondary Sidebar

Latest DOPT Orders

Early Closure of Offices in Connection with Republic Day Parade and Beating Retreat Ceremony during January, 2019

Standard forms for permission under the rules and expenditure in respect of immovable property

Amendment in CCS (Leave) Rules, 1972 on implementation of 7th CPC.

Bye elections in Gujarat and Jharkhand : Grant of paid holiday

Important Notice for the Applicants of Lateral Recruitment to Senior Positions

Latest Finmin Orders

Air travel on official tour where the cost of air passage is not borne by the Government of India

Switch to Electric Vehicles in Secretariats/Attached Offices in Delhi : FINMIN

7वां वेतन आयोग – संशोधित वेतन संरचना में शामिल होने का विकल्प में संशोधन का अवसर दिया जाना।

Opportunity for revision of option to come over to revised pay structure : CCS (RP) Rules 2016 – FINMIN

CGEGIS 1980 : Table of Benefits for Fourth Quarter

Copyright © 2019