HYDERABAD: People who have black cash (undeclared cash) may be in for bother in the event that they develop into sufferers or accused in a white collar offence as there may be each and every probability of them receiving income-tax understand.
Central Crime Station (CCS) police are making plans to share first information stories (FIRs) registered in white collar offences with the I-T division. Till now, police never used to test for the supply of revenue as they used to stick to probing the complainant's allegations. With the brand new transfer, the supply of revenue of both the victim and accused would be underneath the scanner of I-T division.
In the recent past, a number of instances were reported through which the sufferers misplaced their undeclared cash and approached police to take action against persons who duped them. In most instances, the amount involved in transactions between the culprit and the victim, runs into lakhs or crores rupees. With this transfer, black cash hoarders would have a tough time and might think twice prior to seeking CCS help as their transactions performed using black cash would get uncovered. Similarly, the accused would be underneath the scanner of the I-T division too.
"Based on a complaint, FIR will likely be registered in white collar offences. However, to grasp whether the transaction concerned black cash or now not, I-T division sleuths will likely be shared with each and every FIR in order that they can test and one after the other crack down on persons dealing with black cash ,'' assets in Hyderabad police told TOI. Initially, the Hyderabad police would share FIRs with the I-T division and due to this fact Rachakonda and Cyberabad police gadgets too would join the initiative.
Police would share FIR with the I-T sleuths in offences like fraud, dishonest, for gery and others throughout a industry deal, land transaction, where lakhscrores of undeclared cash is concerned, or duping folks by means of collecting cash .
So a ways, the CCS sleuths, as a part of coordination, used to share details of white collar offences with Enforcement Directorate (ED) in instances where there might be cash laundering attitude.
Now, they've made up our minds to share the ideas with the I-T division too. It may develop into the most important supply of information for I-T division officers as they might clandestinely probe it prior to they crack down on black cash hoarders.
Central Crime Station (CCS) police are making plans to share first information stories (FIRs) registered in white collar offences with the I-T division. Till now, police never used to test for the supply of revenue as they used to stick to probing the complainant's allegations. With the brand new transfer, the supply of revenue of both the victim and accused would be underneath the scanner of I-T division.
In the recent past, a number of instances were reported through which the sufferers misplaced their undeclared cash and approached police to take action against persons who duped them. In most instances, the amount involved in transactions between the culprit and the victim, runs into lakhs or crores rupees. With this transfer, black cash hoarders would have a tough time and might think twice prior to seeking CCS help as their transactions performed using black cash would get uncovered. Similarly, the accused would be underneath the scanner of the I-T division too.
"Based on a complaint, FIR will likely be registered in white collar offences. However, to grasp whether the transaction concerned black cash or now not, I-T division sleuths will likely be shared with each and every FIR in order that they can test and one after the other crack down on persons dealing with black cash ,'' assets in Hyderabad police told TOI. Initially, the Hyderabad police would share FIRs with the I-T division and due to this fact Rachakonda and Cyberabad police gadgets too would join the initiative.
Police would share FIR with the I-T sleuths in offences like fraud, dishonest, for gery and others throughout a industry deal, land transaction, where lakhscrores of undeclared cash is concerned, or duping folks by means of collecting cash .
So a ways, the CCS sleuths, as a part of coordination, used to share details of white collar offences with Enforcement Directorate (ED) in instances where there might be cash laundering attitude.
Now, they've made up our minds to share the ideas with the I-T division too. It may develop into the most important supply of information for I-T division officers as they might clandestinely probe it prior to they crack down on black cash hoarders.
`Black' stash under vigil for white collar crimes
![`Black' stash under vigil for white collar crimes]()
Reviewed by Kailash
on
October 30, 2017
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