The Delhi Chief Electoral Officer (CEO) Vijay Dev on Thursday held a meeting with Delhi Police officials and representatives of nationalised banks to identify financial transaction up to Rs10 lakh to check misuse of money power during Assembly polls.
This type of transaction will be handled by a financial Intelligence unit whereas transaction up to Rs1 lakh will be examined by the concerned nodal officer in each district. To prevent black money in electoral system, a meeting of representatives from banks, officials from financial Intelligence unit and Income Tax officials was called by the Chief Electoral Officer to chalk out a strategy to check money power in the elections.
Besides, the strategy has been devised to check suspicious financial transactions during the coming Assembly elections in the Capital. Sources said banks have been told to provide information of cash transactions over the stipulated amount and information about suspicious cash transactions.
The electoral office has instructed all bank branches that they fill out a format and submit to the district election offices. An expert, who will be the nodal officer from the banking sector, has been deputed in each district election offices.
He will examine all transactions and if found dubious, he may refer the same to the district election officer. Sources said that the CEO has made it clear that banks will play a major role to check misuse of money power in the elections. In a related development, the Joint CP (Economic Offences Wing) Pravir Ranjan has
been appointed the nodal officer of Delhi Police to check black money.