HYDERABAD: Central and state government authorities concerned must complete the proceedings as expeditiously as possible when the CBI or ACB seeks sanction orders (to prosecute IAS officers allegedly involved in scams), taking into consideration the magnitude of economic offence and its ramifications on national economy, the High Court has said.Dismissing the bail petition of BP Acharya, accused number one in Emaar Properties scam, justice B Chandra Kumar hoped that the CBI would complete its investigation with regard to end beneficiaries, particularly the monetary benefit, if any, got by the petitioner (Acharya) as early as possible, preferably within the next three months. ‘‘The very object of the directive principles of state policy seemed being defeated because of economic offences. As the state has no sufficient revenue, it is the duty of the state to see that wealth is not concentrated in the hands of a few persons. The problem is not only wealth but also black money. Ill-gotten huge wealth is challenging the very economic and democratic fabric of this country. ‘‘The object of the Constitution cannot be achieved unless the economic offences are dealt with with an iron hand and economic offenders are brought to book and black money is confiscated. It is not only sufficient to register a case against an economic offender but the entire ill-gotten wealth must also be confiscated by the state. Even punishing a few offenders may not yield the required results. It is for Parliament and the legislature concerned to make and amend relevant laws in this regard,'' the judge said.Justice Chandra Kumar remarked that it was most unfortunate that most of the public servants, IAS officers, politicians who had decent salaries and facilities were not bothered about their fundamental duties. They should not forget that every citizen of this country was also paying taxes to the state. Therefore, they should not forget the suffering people and the incidents of starvation deaths in the country.
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