"Many new economic crimes are fast emerging and their modus operandi could be replicated easily before any corrective action is taken by the state," said Director of Central Bureau of Investigation (CBI) Ashwani Kumar.
He was speaking at a function at the Y.B. Chavan Centre on Saturday.
To tackle this, he added, there is a need to strengthen the state Economic Offences Wing (EOW) and update the laws dealing with economic offences.
"We also have to tighten the bail provisions," he said, adding that exclusive economic offences courts are also required.
To reduce the pendency of undertrial cases, Kumar said, six exclusive CBI courts are being set up in Maharashtra of which three would be in Mumbai. "It would be our endeavour to make these CBI courts functional by end of this year."
"These exclusive courts are expected to hold day-to-day trials and avoid unnecessary adjournments," Kumar said.
He added that these courts would function as model courts and would try to dispose of cases within two years from the date of filing the charge sheet. "To ensure that trials are conducted expeditiously we have decided to adhere to the norm of maximum 50 cases per court."
Kumar said the CBI is taking recourse to withdrawal of cases, which are very old, where the accused are not traceable or witnesses or records are not available.
"Another key area of our work would be to launch a campaign against human and child trafficking," he said.
When asked why some cases involving politicians drag on, he replied that many such cases are politically motivated.
Referring to the Satyam case, Kumar said the CBI filed its charge sheet in 46 days and added that none of the company’s employee was coming forth with information in the case. "We sent mails to every employee but nobody wanted to speak against the company saying they revered the Satyam founder [B Ramalinga Raju]."