Performance of Coordination Division

The FY-wise performance of REICs is as under-
Regional Economic Intelligence Councils (REICs) were setup for regional coordination among the Law Enforcement Agencies of Centre as well as State Government Authorities in the field of economic intelligence. There are 30 REICs spread over the country. The forum consists of designated officers from Income Tax Department and Customs & CGST, DRI, DGGI, NCB, ED, CBI, IB, RBI, local heads of the ROC, EOW of State Police and State Tax Authorities etc. The forum meets bimonthly and exchange information concerning economic aspects. The statistics pertaining to meetings held and percentage participation of Designated Members for the F.Y.s 2015-16, 2016-17 and 2017-18 is depicted below.

Information Exchange in REIC:

The violation of one law may lead to the violation of other laws too. Many of the cases involving economic crimes have interdepartmental ramifications and such cases needs immediate sharing among LEAs to curb economic offences in a comprehensive manner. The economic offenders are adopting new modus operandi and the LEAs concerned need to be apprised for taking appropriate action timely. The REIC forum has served the objective by sharing the information among other Members in the Forum which results in the increase in Revenue realization. 

The above Graph showing information sharing and sponsoring of cases at REIC forum by member agencies and the cases picked up for further action by all member agencies.

The above graph shows Additional Revenue Realized in Financial Year 2016-17 and Financial Year 2017-18 as a result off sharing at various REIC fora. The additional revenue detected as a result of such sharing is manifold of actual revenue realized.

Performance of COFEPOSA Wing

As on date, 41 detention orders have been issued in the Calendar Year, 2018 and out of which 31 have been executed. Writ-petitions have been filed in 34 cases in various High Courts and 10 matters are pending in SLP before Supreme Court; which are being defended.

Performance of EI Wing

Dissemination of intelligence and offence inputs among LEAs:

Intelligence inputs developed by the Bureau as well as received from other agencies were disseminated to the law enforcement agencies for further action. Due to persistent efforts on part of CIEB, and with the Information Sharing Protocol, formalized sharing by the LEAs and other intelligence agencies has grown exponentially. This FY 71% increase in dissemination of intelligence has been recorded.

Inputs shared by the Bureau:

In addition to the above, during current year, the growth in sharing of the information by the Bureau recorded increase of 251%. This includes for the first time bank frauds (FIRs) which were analyzed fromthe angle of other statutes and accordingly were disseminated to concerned LEAs. Further, cases related to violation of FT (D&R) Act have started being shared with the concerned Customs authorities and Regional Economic Intelligence Council (REIC) forums during current year. Development of intelligence inputs by the Bureau has also seen increase of 58% during the current FY.

Development of database

Feeding of economic offences data recorded growth of more than 300% during the current FY.