CVC prepares blue print to track graft in a jiffy

Last Updated 03 November 2017, 17:21 IST

The Central Vigilance Commission (CVC) has prepared the blue print of a tracking system that enables the tracking of accumulation of disproportionate assets by anyone who has Aaadhar and PAN.

The tracking system will utilise information from various sources to unzip the financial data of a person within a matter of minutes.

"The methodology has been finalised, as in what kind of procedures are to be followed, what inputs are to be taken and whether the CVC could be proactive in gathering data, for instance from Financial Intelligence Unit (FIU), from the tax department and stock exchanges. This huge data has not been leveraged yet," CVC K V Chowdary said on the sidelines of Vigilance Awareness week celebrations here on Friday.

He said enabling factors such as the necessary software and the required amendments and orders will be rolled out in a little while.

Chowdary further said that the CVC, in collaboration with the Indian Institute of Management – Ahmadabad is preparing an "integrity index" for 25 central government institutions, including the Medical Council of India and some public sector units, which will be ready by the end of the year.

He said a questionnaire has been circulated among the institutions in this regard.

"It is not a corruption index but a perception index. How the public perceives a particular government organisation. The CVC hopes to prepare integrity index for all government organizations in 2018," he said.

Answering a question on the accumulation of huge non-performing assets (NPA) by public sector banks and the scope of CVC looking into the issue suo motu, Chowdary said the sheer number of complaints against banks cannot be a parameter to take up the investigation.

"Regarding NPA, within the banks there is an accountability committee that goes through it. If the committee feels that there is a need for an examination, they will refer it to the CVC," Chowdary said.

He added that the CVC however picks up random cases and cases referred to by the RBI for investigation.

(Published 03 November 2017, 17:02 IST)

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