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NEW DELHI: The conviction price in instances registered by Enforcement Directorate beneath Prevention of Cash Laundering Act is 93%, the govt. knowledgeable Parliament Tuesday.
In a written response to a query, minister of state for finance Pankaj Chaudhary mentioned that the company has registered 7,083 instances beneath PMLA until July 2024 and has connected/seized property price over Rs 1.4 lakh crore up to now.
“The speed of conviction obtained beneath PMLA is round 93%. Complete worth of proceeds seized beneath PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and connected beneath PMLA is roughly Rs 1,31,375 crore,” the minister added.
In one other response, the junior finance minister mentioned 132 of the 7,083 instances beneath PMLA are registered in opposition to politicians — former MPs, MLAs, MLCs and different political leaders or anybody affiliated to political events.
The very best 34 such instances (in opposition to politicians) have been registered in 2022, adopted by 28 in 2020 and 26 every in 2021 and 2023 through which solely 5 instances trials have been accomplished and one resulted in conviction in 2020. The minister, nonetheless, didn’t give particulars of those particular instances.
Below the Black Cash Act, the govt. mentioned 648 disclosures of unlawful international property price Rs 4,164 crore have been made within the one-time three months compliance window, beneath BMA, from July 1, 2015 to September 30, 2015.
The quantity collected by means of tax and penalty in such instances was about Rs 2,476 crore. As on March 31, orders have been handed in about 652 instances elevating demand of greater than Rs 17,162 crore, and 163 prosecutions have been launched beneath the Black Cash Act and chargesheets filed in 109 instances.
In a written response to a query, minister of state for finance Pankaj Chaudhary mentioned that the company has registered 7,083 instances beneath PMLA until July 2024 and has connected/seized property price over Rs 1.4 lakh crore up to now.
“The speed of conviction obtained beneath PMLA is round 93%. Complete worth of proceeds seized beneath PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and connected beneath PMLA is roughly Rs 1,31,375 crore,” the minister added.
In one other response, the junior finance minister mentioned 132 of the 7,083 instances beneath PMLA are registered in opposition to politicians — former MPs, MLAs, MLCs and different political leaders or anybody affiliated to political events.
The very best 34 such instances (in opposition to politicians) have been registered in 2022, adopted by 28 in 2020 and 26 every in 2021 and 2023 through which solely 5 instances trials have been accomplished and one resulted in conviction in 2020. The minister, nonetheless, didn’t give particulars of those particular instances.
Below the Black Cash Act, the govt. mentioned 648 disclosures of unlawful international property price Rs 4,164 crore have been made within the one-time three months compliance window, beneath BMA, from July 1, 2015 to September 30, 2015.
The quantity collected by means of tax and penalty in such instances was about Rs 2,476 crore. As on March 31, orders have been handed in about 652 instances elevating demand of greater than Rs 17,162 crore, and 163 prosecutions have been launched beneath the Black Cash Act and chargesheets filed in 109 instances.
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