https://www.taxtmi.com/news?id=22419 Prior permission is now required before initiating criminal investigation against a public servant under the Prevention of Corruption Act, and suspected large-value frauds involving public servants must undergo an initial mandatory examination by the Advisory Board for Banking and Financial Frauds before any enquiry or investigation proceeds. Additionally, personal liability of public sector bank chief executives for compliance timelines has been removed, with boards empowered to set compliance mechanisms and senior officer committees mandated to expedite internal disciplinary and vigilance cases. en-us Tue, 28 Jan 2020 16:17:44 +0530 Tue, 28 Jan 2020 16:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22419 Prior permission is now required before initiating criminal investigation against a public servant under the Prevention of Corruption Act, and suspected large-value frauds involving public servants must undergo an initial mandatory examination by the Advisory Board for Banking and Financial Frauds before any enquiry or investigation proceeds. Additionally, personal liability of public sector bank chief executives for compliance timelines has been removed, with boards empowered to set compliance mechanisms and senior officer committees mandated to expedite internal disciplinary and vigilance cases. News - Tue, 28 Jan 2020 16:17:44 +0530 https://www.taxtmi.com/news?id=22419