An Economic Times report stated that after recently being asked by the
The financial daily further stated that this is the reason why it wants the central government to specify the offences or categories of such infringements that need to be investigated under Section 3 of the Delhi Special Police Establishment Act.
This change might be implemented by the government through a gazette notification. Besides being notified as the main investigator for such cases, CBI wants chief vigilance officers (
The CBI enjoys the freedom to take up the case or refuse it by stating that the fraud is of a low amount and can be probed by the economic offences wing of the state police. A CBI official told ET that with this amendment to the Delhi Special Police Establishment (DSPE) Act, the investigative agency can directly pick up high-value cases. In return, this will speed up the investigation and will also result in better coordination between banks and the CBI.
Currently, the CBI is probing a loan obtained by the defunct Kingfisher Airlines from
(Image: www.livelaw.in)