Jammu, Jan 16 (KINS): Chief Secretary Atal Dulloo chaired the 35th Union Territory Level Coordination Committee (UTLCC) meeting convened by the Reserve Bank of India, Jammu branch, to address concerns about unauthorized deposits, fraudulent activities by unregulated entities, and the need for enhanced market intelligence sharing.
Key officials, including the Regional Director, RBI Jammu, Principal Secretaries of Home and Finance Departments, ADGP (CID), and representatives from SEBI, ICAI, and other regulatory bodies, participated in the meeting.
The Chief Secretary expressed concern over increasing instances of online fraud targeting the public and urged strict action under the Banning of Unregulated Deposit Schemes (BUDS) Act. He emphasized that such crimes are cognizable offenses, requiring immediate action by law enforcement agencies.
Mr. Dulloo directed regulatory bodies, including RBI and SEBI, to create awareness campaigns using social media, WhatsApp, and bulk messaging in collaboration with banks operating in J&K. He also instructed the RBI to train police officers in investigating online scams, proposing a master trainer program to educate 5,000 investigation officers across the UT.
Highlighting the vulnerability of the public to digital fraud, the Chief Secretary stressed the importance of outreach programs targeting students, villagers, and panchayats to build awareness. He also reviewed pending fraud cases and called for stringent preventive measures to deter similar crimes.
Dulloo underscored the urgency of taking decisive action against fraudulent apps, websites, and unregistered entities like
Nidhi companies that exploit unsuspecting residents.
Regional Director, RBI, Chandrashekhar Azad, called for a collaborative approach to combat cyber fraud and assured support for enhancing public awareness and law enforcement capacity.(KINS)
Chief Secretary Advocates Tough Action Against Online Scammers to Protect Public
