CBI Forms Intelligence Wing To Tackle Economic Crimes

Senior agency sources has told PTI that the new wing has been formed to tackle the growing menace of economic crimes as it has developed a dangerous trend of financing terrorist crimes with the 9/11 terror attack as a pointer.

The CBI has recruited a senior RBI official as a technical officer to the wing along with some deputy inspectors general of the agency who have been specialising in probing economic offences, the sources said.

The first and foremost task of the wing is to track down economic offenders who have fled the country after committing crime and duping banks and other financial institutions of crores of rupees.

The wing has been tasked to gather intelligence and also share and act on information being provided by organisations like Stock Exchange Board of India and Intelligence Bureau.

Meanwhile, efforts are on to bring back economic offenders like Manjit Singh Makan, Virendra Rastogi and his brother Narendra, Amarendra Nath Ghosh and J B S Bakshi, who fled the country after duping several banks and FIs of crores of rupees. As far as the case of Ghosh is concerned, CBI is expected to send a team to Germany in a couple of days as his extradition formalities are almost complete.

Ghosh was chargesheeted by CBI last year for hatching a criminal conspiracy with senior

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