Rising economic offences threat to national security: Pranab

Finance Minister Pranab Mukherjee today warned of greater sophistication in economic crimes and of its growing threat to national security.

Updated: Feb 24, 2010, 18:54 PM IST

New Delhi: Finance Minister Pranab Mukherjee
today warned of greater sophistication in economic crimes and
of its growing threat to national security.

"I would like to remind you that the economic offenders
are getting increasingly more sophisticated using modern
technology," Mukherjee said at the Central Excise Day
function.

The Minister also said that economic crimes happening
across international borders are risk to the national
security.

"Of late, we see that linkages have also developed
between economic offences and threats to national security
particularly the economic offences which are cross-border in
nature," the Minister said.

There are increased linkages amongst various economic
crimes and the trails of economic offences are not only
confined to the Indian boundaries but it also covers many
countries, the Finance Minister said.

Further, he said, "The economic offences in the cyber
space have made geographical boundaries irrelevant for the
offenders and the nature of economic offences has assumed
global dimension."

Mukherjee asked the officials at the Central Board of
Excise and Customs (CBEC) to gear up to face the new
challenges in the area of cross border economic crimes "which
are detrimental to our national security interest".

PTI