In the wake of scams such as the NSEL and QNet that rocked Maharashtra and the increase in cyber crimes, the government is preparing to crackdown on financial crimes, by strengthening the Economics Offences Wing (EOW) and cyber crime units.
Addressing the legislative council on the issue of law and order, chief minister Devendra Fadnavis said these departments will be revamped in the coming days.
He said the EOW would soon collaborate with various agencies. “We have asked the RBI [Reserve Bank of India] to give us a competent expert, who will help us to sell off assets seized from those accused of financial crimes. We will use their expertise to sell of these assets and pay back the depositors,” said Fadnavis.
He said assets worth Rs 6,000 crore has been seized from the NSEL (National Spot Exchange Limited) scam -accused and Rs 2,000 crore from the KBC Chit Fund scam accused. “We have also appointed a CA (Chartered Accountant) panel to assist our officials. Both RBI and SEBI officials will educate our officials in the coming days,” he said.
Fadnavis praised the state’s cyber crime unit, saying it was doing commendable work despite battling staff shortage and inadequate infrastructure. He said approximately 1,000 officials will soon be recruited and a cyber cell will be established in every district.
“We will work with NASSCOM [The National Association of Software and Services Companies] on this mission,” said Fadnavis.
The chief minister said though the cyber crime unit has been regularly monitoring the various social media websites to block objectionable content, it faced regular hurdles. “We have requested the Centre to establish a branch of Indian Computer Emergency Response Team (CERT) in Mumbai, so that objectionable material can be blocked instantly, to avoid untoward incidents.”
He said at present, most such material is posted from foreign countries, and on Friday night. The cyber cell has to approach CERT to block them, a procedure which takes at least two days.