There is always a possibility of illegality in the money transaction if it is done in cash, but not all the time. To overcome this problem long ago a system of doing transactions through cheques issued by the banks was introduced which proved to be effective. Because any money transaction made through cheque can easily be traced to the name of both the receiver of the amount and of the issuing person. As such the purpose of the transaction can also be traced very easily. So the use of cheques in any doubtful money transaction is almost zero and for corruption it is almost unbelievable. A corrupt official will never ask for any money in the shape of a cheque as corruption, and he always prefers all such dealings in cash. But in Udhampur the prestigious anti corruption agency of the country CBI have caught red handed, according to their handout, along with two cheques amounting more than one lakh each. This , perhaps is the first incident of its kind may be in Jammu and Kashmir and could be in the country where that amount of corruption is being paid in cheque. It is really surprising for both the public and also for other investigating agencies that an amount settled as corruption can be paid in the shape of a cheque and not in cash or jewelry or in any other shape like land, vehicle or in the shape of a valuable gift. How can a corrupt officer agree to accept the amount of corruption in the form of a cheque? Secondly this also has to be seen that whether in legal terms or the judiciary will accept a money transaction through cheque can be corruption. So far any money transaction through cheque is believed to be the legal transaction and the money paid through cheque is accepted as white money even by the finance ministry and income tax department, then how the CBI will prove that the amount mentioned in the cheque is not legal and is the amount being paid as corruption? This shall be really very interesting to see the outcome of the whole episode when it reaches the platform of judicial action.
