Home / Business / ICICI- Videocon Loan Row : Arun Jaitley In Facebook Post Terms CBI Action As Investigative Adventurism

ICICI- Videocon Loan Row : Arun Jaitley In Facebook Post Terms CBI Action As Investigative Adventurism

File Picture
File Picture

A day after the CBI named banking doyen K V Kamath and virtual who’s who of the sector for questioning in the alleged fraud case against former ICICI Bank CEO Chanda Kochhar, union minister Arun Jaitley advised investigating agency to avoid “adventurism” and concentrate only on the bull’s eye.

Jaitley, who is recuperating after a surgery in a hospital in the US, on Twitter and on his Facebook post wrote that one of the reasons for “poor” conviction rate in India is that “adventurism and megalomania” overtakes investigators and professionalism takes a back seat.

Read Arun Jaitley’s Full Text :

Investigative Adventurism Vs. Professional Investigation

There is a fundamental difference between investigative adventurism and professional investigation.
Investigative adventurism involves casting the net too wide including people with no mens rea or even having a common intention to commit an offence, relying on presumptions and surmises with no legally admissible evidence.

Adventurism leads to media leaks, ruins reputations and eventually invites strictures and not convictions. In the process, the targets are ruined because of harassment, loss of reputation and financial costs. It costs people their career.

Professional investigation targets the real accused on the basis of actual and admissible evidences. It rules out fanciful presumptions. There is no personal malice or corruption. It targets the guilty and protects the innocent. It secures convictions and furthers public interest.

One of the reasons why our conviction rates are poor is that adventurism and megalomania overtakes our investigators and professionalism takes a back seat.

Sitting thousands of kilometers away, when I read the list of potential targets in the ICICI case, the thought that crossed my mind was again the same – Instead of focusing primarily on the target, is a journey to nowhere (or everywhere) being undertaken? If we include the entire who’s who of the Banking Industry – with or without evidence – what cause are we serving or actually hurting.

My advice to our investigators – Follow the advice of Arjun in the Mahabharat – Just concentrate on the bulls eye.

About Impactnews Desk

Check Also

File Picture

Bill Gates Optimistic About India , Expects ‘Very Rapid’ Economic Growth Over The Next Decade

Billionaire philanthropist and Microsoft co-founder Bill Gates has said that India has the potential for …

Leave a Reply

Your email address will not be published. Required fields are marked *