Educate people on financial frauds: CS

ITANAGAR, Jan 18: Chief Secretary Satya Gopal on Friday stressed the need to “quantify financial awareness activities in all districts in order to educate the people on fraudulent and money laundering activities being carried out by nefarious persons or groups.”
Gopal was addressing a meeting of the state level coordination committee (SLCC) on ‘Regulation of the activities of non-banking financial companies and un-incorporated bodies’ here.
“Unless and until people are made aware of all the malpractices involving financial frauds, they will always be duped,” the CS said.
Stating that Sarkar Aapke Dwar camps would be some of the best platforms to disseminate awareness in far-flung areas, Gopal recommended that the Reserve Bank of India (RBI) could also set up stalls at such camps.
“To save innocent people from falling into financial frauds, let the awareness programme be a continuous exercise by which the people will be able to take precautionary measures,” he said.
The CS said cases of financial frauds should be brought to the notice of the law enforcement agencies.
“Legislations, orders, notifications and latest developments of the RBI should be made known to the SLCC through proper presentation,” he added.
RBI officials led by its NE Regional Director BK Mishra informed about financial frauds like fraudulent phone calls, emails, messages, fictitious offers of opening bank kiosks, vishing racket in Jharkhand, fictitious insurance offers, CVC complaint against e-Bank Mitra India Pvt Ltd, and fraud and phishing in the name of PFRDA/NPS, against which awareness is needed to be created.
Among others, RBI Deputy General Manager (DNBS) Shiv Kumar Yadav, Principal Home Secretary AC Verma, the DIGP (law), the law and order commissioner, and the finance secretary were present at the meeting. (CSO)