Beating the system by gift deeds

No matter the Transfer of Property Act under section 122 terms the gift deed as a legal document, but somehow, the act is being manipulated and misused by the people who have amassed wealth by illegal means, no matter who are they are: they can be businessmen or for that matter, the retired officers of the Government. There have been instances where the assets created by the officers through illegal means have been painted legal by way of the option available called gift deed.
Somehow, the process by which the illegal assets are made legal lacks the proper screening as to how the assets that are being transferred from donor to donee were created, what is the basic origin.
Those measures aimed at regulating the process can be taken if a proper mechanism is put in place that will ensure that the law scripting the gift deed is not being misused—and those corrupt are not treating it as a secret door to the assimilation of the wealth, assets acquired through corrupt practices.
Even though the administration has acted tough on the corruption and has ensured that there is transparency in the scheme of things, the need somewhere seems to be arising, calling for strict watch over the people who are executing the gift deeds and it needs to be ensured that they are not trying to over smart the system by using legal means to hide their misdoings.
The Government needs to plug the necessary loopholes, put in additional measures so that the corrupt officials who unveil their wealth after retirement fearlessly by using the law are brought to book.
Such people who amass disproportionate assets need to be held accountable and strict action must be initiated against them. The start can be made by beginning the process of monitoring, regulating the execution of gift deeds, particularly those initiated by ex-Government officials.