A Memorandum of Understanding (MoU) was signed between the Indian Institute of Corporate Affairs (IICA) and Rashtriya Raksha University (RRU) here today.

The MoU intends to synergise the professional capabilities of IICA and RRU towards capacity building, education, research and consulting in the domain of Internal Security, Financial Crimes, Law Enforcement, Corporate fraud and other subject matters common to their mandate and objectives. The MoU also provides for the exchange of knowledge and resources between IICA and RRU for conducting research, training and consultancy.

Shri Praveen Kumar, Director General and CEO of IICA in his virtual address stated, “Corporate frauds constitute one of the most serious economic offences as enormous public money is involved thereunder which abysmally impacts the economic health of the nation. IICA in collaboration with RRU look forward to safeguarding the economic security of the country through training and upskilling the officers of relevant stakeholders from banks, financial institutions, investigating agencies and other professionals in the financial landscape.”

Prof (Dr) Bimal Patel, Vice-Chancellor of RRU in his address said, “Economic and Financial Security is a crucial facet of National Security and Economic Security of a country forms the very backbone for its good governance. It becomes imperative that the stakeholders in the financial and corporate system, as well as personnel from law enforcement agencies, must be adequately equipped for the early detection and prevention of financial crimes. This collaboration between the two institutions would be a significant step towards strengthening the existing financial system of the nation.”

The MoU was signed by Prof (Dr) Naveen Sirohi from IICA who also shared the purpose statement of the collaboration. Dr Dimpal T Raval, Director School of National Security and Law from RRU proposed a vote of thanks along with articulating an action plan.  

ABOUT IICA

IICA is an institution established by the Ministry of Corporate Affairs (MCA), Government of India as an autonomous body to act as a think-tank and a centre of excellence to support the growth of the corporate sector in India through an integrated and multi-disciplinary approach. RRU is an Institution of National Importance under the Ministry of Home Affairs. It is a pioneering national security and police University of India.

Disclaimer: This is an official press release by pib.