The Central Bureau of Investigation (CBI) is set get a new online system to assist it in probing cases of black money.
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.
According to reports, 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.
The new system, once introduced, will help the CBI to collect data from various agencies including banks, Income Tax (I-T) department and Financial Intelligence Unit (FIU), among others.
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.
Latest Business News
