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CIB forms separate unit to look into financial crimes

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KATHMANDU, Feb 20: Crime Investigations Bureau (CIB) of Nepal Police has formed a separate unit for the regular investigation of financial organizational crimes (FOC) in Nepal.



Speaking at an interaction organized by the CBI here on Sunday, Deputy Inspector General (DIG) Rajan Singh Bhandari said the newly formed unit was entering into an alliance with Central Bureau of Investigation (CBI) of India within a month to make its operations more effective.[break]



Bhandari said the CIB has formed two separate units for FOC and heinous crimes.



“The FOC unit will investigate and try to eliminate crimes related with finance and commerce,” Bhandari said. He also said CIB so far was focused only on organized crimes.



“We have decided to form a separate unit to look into FOC as we found that every organized crime in society has monetary reasons,” he said, adding: “We are in the initial phase and are yet to set our working areas.”



He also said the bureau was expecting positive support of media to undertake and accomplish its tasks.



“We are looking forward to working together with media persons,” he added.



CIB officials said the bureau has already started groundwork to working closely with the Department of Revenue Investigation.



Participants of the interaction welcomed the initiatives taken by CIB and suggested the bureau to maintain honesty to curb financial crimes.



They suggested the bureau to make FOC unit free from interferences and work closely with Ministry of Finance.



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