CBI investigating more than Rs 80,000 crore of public money locked up in Ponzi schemes, says Anil Sinha

NEW DELHI: More than Rs 80,000 crore of public money is locked up in Ponzi schemes being investigated by the CBI, said its director Anil Sinha while enlisting the challenges being faced by the agency to probe new age crime.

Speaking at the DP Kohli memorial lecture, Sinha said, "The government reforms and initiatives in the form of a Single Goods & Service Tax, Pradhan Mantri Jan-Dhan Yojana, broadband connectivity to all villages and the ‘Make in India’ campaign. The changes brought about by economic growth are also going to throw up new challenges for law enforcement agencies. "For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries," he said.

CBI director said to overcome these hurdles, they have proposed to set up an International Centre of Excellence in Investigation at CBI Academy to train not only CBI and other state and central officers, but also officers from ASEAN and SAARC countries.