CVC releases framework for advisory board for banking and financial frauds

News:The Central Vigilance Commission (CVC) has released a framework for the Advisory Board for Banking and Financial Frauds. Facts: About Advisory Board for Banking Frauds(ABBF): The Advisory Board for Banking frauds will be four-member board.It will be headed by former Vigilance Commissioner T M Bhasin. It will function as the first level of examination of… Continue reading CVC releases framework for advisory board for banking and financial frauds

Central Vigilance Commission(CVC)

News:Ministry of Health and Family Welfare will observe the Vigilance Awareness Week as per directions of Central Vigilance Commission (CVC). Facts: About CVC: The Central Vigilance Commission was set up by the Government in February,1964 on the recommendations of the Committee on Prevention  of Corruption, headed by Shri K. Santhanam. The Commission was accorded the… Continue reading Central Vigilance Commission(CVC)

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CVC sets up panel to probe bank fraud

The Central Vigilance Commission(CVC) has constituted Advisory Board for Banking Frauds (ABBF).The four-member board will be headed by former Vigilance Commissioner T M Bhasin. The board will function as the first level of examination of all large fraud cases before recommendations or references are made to the investigative agencies by the respective Public Sector Banks.  … Continue reading CVC sets up panel to probe bank fraud

Sanctions for prosecution of over 80 officials awaited

The Central Vigilance Commission(CVC) is awaiting sanction from different wings of the government organisations to prosecute 83 government employees. The CVC was set up by the Government in 1964 on the recommendation of the Santhanam Committee.In 2003,the Parliament enacted CVC Act conferring statutory status on the CVC. The CVC is not controlled by any Ministry… Continue reading Sanctions for prosecution of over 80 officials awaited