Published On: Tue, Apr 28th, 2015

Around Rs 80,000 crore still blocked in Ponzi scams: CBI director Sinha

New Delhi: Around Rs 80,000 crore of six crore Indians are blocked in the Ponzi scams being investigated by the Central Bureau of Intelligence (CBI), agency’s director Anil Kumar Sinha said on Monday.

CBI Director Anil Kumar Sinha

CBI Director Anil Kumar Sinha

The agency has registered over 55 cases related to Ponzi scheme in various states with a case against Pearl group alone believed to be over Rs 45,000 crore.

Speaking at the D P Kohli memorial lecture, Sinha said, “The government reforms and initiatives in the form of a Single Goods & Service Tax, Pradhan Mantri Jan-Dhan Yojana, broadband connectivity to all villages and the ‘Make in India’ campaign. The changes brought about by economic growth are also going to throw up new challenges for law enforcement agencies.

“India is poised for a resurgence that will in the foreseeable future transform it into a more developed economy with stronger linkages to major economies of the world,” he said even as he warned that corruption was likely to remain a major impediment to growth.

“For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries,” he added.

Sinha said to overcome these hurdles, they have proposed to set up an International Centre of Excellence in Investigation at CBI Academy to train not only CBI and other state and central officers, but also officers from ASEAN and SAARC countries.


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