Itanagar

Arunachal: CS shows concern over new age of financial crime

Chief Secretary Naresh Kumar in SLCC meeting express concern over rising of Financial Crime or financial frauds via website, mobile messages, etc….


Itanagar

State Level Co-ordination Committee (SLCC) Meeting for the State of Arunachal Pradesh on regulation of Non-Banking Financial Companies (NBFCs) and Un-incorporated Bodies (UIBs) was held under the Chairmanship of Chief Secretary Naresh Kumar at the Chief Secretary’s Conference Hall, Civil Secretariat, Itanagar today.

Regional Director for North Eastern States Reserve Bank of India Manoranjan Dash, Principal Secretary (Finance, Planning & Investment),Dr. A.C. Verma,  IGP Law & Order Ravindra Yadav, Commissioner Law G.S. Meena, Secretary Finance Y.W. Ringu,  Secretary Home C.N. Longphai, Deputy General Manager SBI Siva Govinda Peton, SP Crime Dr. Navdeep Singh Brar were present in the meeting.

Alarmed with cases and news of financial frauds via website, mobile messages, unauthorized collection of deposits etc, the Chief Secretary Naresh Kumar suggested that the RBI should develop a hi-tech surveillance mechanism with the capacity to detect any crime (financial) in its initial stage and let the law enforcing authorities to take actions accordingly.

Citing examples that even the most aware individuals can sometimes fall prey to these unscrupulous entities, the CS asked the RBI and other regulators to conduct awareness programmes in every nook and corner of the State in order to educate the innocent people of Arunachal Pradesh of the various financial frauds to save them from being victims of financial frauds.

CS directed the SP Crime and Secretary Finance to share crimes (financial) committed in the State and Legislations, Orders, Notifications and latest developments of the State Government to the RBI.

Dr. A.C. Verma requested the RBI and other regulators to open stalls and participate directly or through banks participating in the Sarkar Apke Dwar camps to disseminate the information to make public aware about unauthorized collection/dupe of public deposits by various illegal entities and other related matters.

The house also discussed on The Banning of Unregulated Deposit Schemes, Act 2019 which provides comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.

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