SME Times News Bureau | 18 Feb, 2012
Calling on the investigative agencies to "realise the fallout
of corruption and tighten their belts" against the scourge, senior
government officials Friday said the fight will be "incomplete"
unless the illegal assets and the wealth amassed is recovered.
"The corrupt should be not only brought to book but their illegally
amassed wealth should also be recovered and attached. Such property and wealth
which is created through corrupt and illegal means is basically a fruit of
crime and the guilty should not be allowed to enjoy these fruits," said
P.K. Misra, secretary in the department of personnel and training.
"No fight against corruption is complete unless we recover and attach
these illegal assets," he said, addressing participants at the first
Interpol global programme on anti-corruption and asset recovery organised by
the Central Bureau of Investigation Feb 13-18 in New Delhi.
Central Bureau of Investigation (CBI) director A.P. Singh said that the
multi-jurisdiction, cross-border aspects of an investigation corruption and
international asset recovery involves numerous processes like tracing,
freezing, confiscation and repatriation of proceeds store in foreign
jurisdiction.
"We must realise that international cooperation is a two-way street and is
given on a reciprocal basis," he said.
Observing that in today's globalised context, effective international
co-operation is essential for fighting corruption that transcends international
boundaries, Singh said: "We need to engage with each other at all levels
to effectively deal with those criminals indulging in corrupt practices at a
multi national level."
