CBI to get new online system to deal with black money cases

16 April,New Delhi

The CBI will get a new online system to assist it in probing cases of illegal wealth or black money. It will be helpful in collating data from various agencies including banks, Income Tax ,I-T, department and Financial Intelligence Unit, FIU, among others.

The move comes after a multi-disciplinary committee formed by the Central Vigilance Commission, CVC, which exercises superintendence over the CBI in investigation of corruption cases, suggested changes in the existing system.

The CVC felt to improve the system for computation of disproportionate assets, including development of a software to capture all the events related to income and expenditure during the check period.

It was also observed by the CVC that in the present system, data availability with banks, FIU, taxation departments, etc are not being mandatorily obtained and utilised for computation of disproportionate assets.

After the new system will be put in place it will be more scientific and help investigators get information of all hidden income using modern tools.

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