Securities and Exchange Board of India (SEBI) will impart training to some police officers regarding collective investment schemes. Inclusion of financial crime and fraud in police training course will be considered.
This was informed at the 22nd meeting of state-level coordination committee of non-banking financial institutions of Madhya Pradesh here on Wednesday.
As a result of it, the police will be bale to ensure effective action in financial crimes.RBI’s Regional Director PR Ravi Mohan said that district-level seminars will be held to provide information about fraud financial institutions.
He said that awareness camps will be held in several districts before model code of conduct for lok Sabha elections comes into force.
Secretary Home DP Gupta said that special police stations should be set up to dispose of financial crimes in districts like Bhopal, Indore and
Gwalior and their staff should also be imparted special training.It was decided at the meeting that joint efforts should be ensured to take strict action against fraud financial institutions.