PC for new cell to identify tax evasion cases | delhi | Hindustan Times
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PC for new cell to identify tax evasion cases

delhi Updated: Nov 05, 2012 01:15 IST
Sanjib K Baruah

Finance minister P Chidambaram has pitched for a separate cell in the ministry to monitor suspicious transaction reports that are regularly submitted by the Financial Intelligence Unit (FIU).

The development came during a meeting on Tuesday after the minister expressed displeasure over the FIU glossing over tax-evasion cases and focusing more on money laundering cases under the Prevention of Money Laundering Act. On October 24, HT had reported how Chidambaram, annoyed with FIU for neglecting tax-evasion cases, had called for a review meeting. FIU is an independent body that reports to the Economic Intelligence Council headed by the FM on suspicious monetary transactions in banks.