Team  SoOLEGAL

SC to centre:Aadhar is ineffective in curbing bank frauds

Team SoOLEGAL 6 Apr 2018 7:40pm

SC to centre:Aadhar is ineffective in curbing bank frauds

New Delhi: While listening to ongoing Aadhar case, the bench of Supreme Court comprising Chief Justice Dipak Misra and Justices A K Sikri, A M Khanwilkar, D Y Chandrachud and Ashok Bhushan commented that features of Aadhar where it curbs the leakage of government subsidies are welcome, however it cannot be touted as something as panacea for all ills. Despite the good intention, it cannot stop bank frauds.

This the bench said after attorney general K K Venugopal listed before court several benefits of Aadhar among which he mentioned that it can stop money laundering and defrauding of the banks of crores of rupees. 

Justice Sikri said, "As far as bank frauds are concerned, it is not because fraudsters used multiple identities, which Aadhaar can prevent. The banks knew the identity of the person who repeatedly borrowed and defaulted. Aadhaar may have other utilities but will not be able to stop frauds. Fraud happens because bank officials are hand in glove with borrowers... when bank officials are mixed up with fraudsters , it has to be tackled at a different level, and not through Aadhaar “.

On being questioned by the bench on the issue of violation of privacy of individual when the person shares his biometrics, the AG replied they are stored as safely as possible. He said 1.2 billion people have already shared their biometrics already and he further said, "Aadhaar is an enabler of right to life like food and shelter to millions of impoverished. Surely, when one uses Aadhaar to get these basic elements to sustain life, he could not be seen complaining about violation of right to privacy ".

This argument was termed as Marxist by the court. The argument continues in the court.

Tagged: SC   Aadhar card   Right to privacy  
Did you find this write up useful? YES 0 NO 1
Send
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.