Enforcement Directorate releases Data on Money Laundering
On 15th March, 2023, the Enforcement Directorate (ED) released new data related to the money laundering.
Key Findings
- Since 2005, when the Prevention of Money Laundering Act (PMLA) came into force, the ED has registered 5,906 cases (till January 31, 2023).
- However, prosecution complaints (equivalent to a charge sheet) have been filed in only 1,142 (19 per cent) cases.
- Also, only 62 per cent of all the attached assets have been confirmed by the adjudicating authority, with the rest still pending adjudication.
- Raids have been carried out in only about 9 per cent of cases, and incumbent and former elected representatives are ....
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