Central Bureau of Investigation Director Anil Sinha on Monday said over Rs.80, 000 crore belonging to six crore people is locked up in the Ponzi schemes being probed by the agency.
“In 2014, India ranked 85 among the 178 countries in the Corruption Perception Index. As per Reserve Bank of India data, the non-performing assets of bank grew from about Rs.50, 000 crore in 2007 to Rs.2.45 lakh crore in 2014. All these challenges will require a quantum leap in the agency’s capacity,” he said at the 16 D.P. Kohli memorial lecture.
Outlining new initiatives, Mr. Sinha said over a period of three years, 555 CBI officials would be trained in investigations of financial crimes and other new and emerging offences, in partnership with the Indian Institute of Management, Bangalore, and the National Law School.
“We have also proposed setting up of a centralised technology vertical to provide real-time support to investigations. Presently, only 5-6 per cent of investigations make use of forensic tools and technologies…We have, therefore, proposed to the Union Home Ministry to set up a state-of-the-art forensic science lab at the CBI Academy campus,” he said.
