“Isse kam doge to minister naraaz ho jayenga”. Kudos to CBI for their sustained and tireless efforts spanning close to two months, intercepting conversations running into 100- 125 hours recording Mahesh Kumar’s conversation with Singla. The department needs to be congratulated for keeping the guilty under loop while carrying out their bold investigations against strong and untouchable politician. Conversations recorded, prima facie, are so strong to suggest that cash-for-postings has been going on seeking coveted postings in the Railway Board.
With the Supreme Court setting July 10 dateline for the Government to come out with a law to insulate CBI from external influence, the GoM is already considering independence of the CBI and its functional autonomy. It is good time, to reconsider various pending decisions earlier suggested in the Lok Pal Bill and give it legislation. With the ongoing progress in unearthing scams one after another, there is need to muster courage where media with the help of whistle blowers put their concerted efforts to investigate and provide inputs to agencies like CVC, CBI, CAG, ED and others.
This concerted action could begin to trail black money enabling them to move lock-step preventing hawala transactions, bribes and other turbulence activities leading it to its logical conclusion. Under the new programme intelligence machinery can start collating key metrics and overall working pattern including sudden rise in capital, transfer of funds, investments in real estate including of those who are close relatives and beneficiaries. For better classification, scams eroding countries economy can be classified using the ABC analysis.
ABC analysis can be performed using few indices on various frauds and scams that are putting nations image at risk and disrepute. Top priority, must be accorded by the intelligence agencies in identifying high potential politicians, business houses, and other high and mighty individuals indulging rampantly in large scale frauds and corruption.
Like inventory management the entire issue on corruption scenario in the country needs to be divided in the different categories. Large scale irregularities not more than 5% but exceeding Rs 1.5 lakh crore (Coalgate,CWG, 2G) loss to the exchequer to be termed as “class A”, the next 10-15% involving more than Rs Fifty thousand crore (Fodder, Adarsh) loss to the exchequer to be termed as “class B” and the remaining 80% not exceeding Rs 100 crores ( Rail Kand) to be termed as “class C”.
High profile individuals who are engaged in illegal economics offences including money laundering; have to be watched by special cells.
In addition, rampant corrupt transactions that have so far not been publicly announced also need close scrutiny. Money stashed in the foreign banks comprising around 60% of GDP of India involving more than Rs. 25 Lakh Crores of black money in Swiss banks, estimated to be 13 times larger than the nations foreign debt also need constant review.
Include black money generated from top 10-15% reported scams involving more than Fifty Thousand crores loss to the exchequer. The new legislation to be passed making it easier to confiscate the ill gotten money from the family members of the corrupt individuals. Exemplary punishment should be awarded to those found high ranking officials colluding with tax evaders. Fast tracking of many other corruption cases against politicians and bureaucrats involved in land and property scams need to be summoned. A concerted drive in tracking black money transactions in the property deals taking support from citizens and media should be encouraged.
Include petty corruption incidents equally important among all government departments under jurisdiction of CVC comprising high volume of bribery cases. In absence of proper tracking, black money goes in purchase of gold, setting up of industry both benami and in the names of relatives. In order to countering corruption other desperate actions need to be initiated like confiscating the property, if the owner fails to provide proven source of income.
Keeping the essence for effective and speedy punishment to the culprits, statutory powers/ authority would need to be modified in line with the observations made by the apex court to further strengthening the CBI’s autonomy.