Enforcement Directorate Registers Over 5,200 Money-Laundering Cases Since 2014
Nityanand Rai has revealed the details of the cases registered by the Enforcement Directorate in the Parliament.
ED had filed 7,083 Enforcement Case Information Reports (ECIRs) as of July 31.
According to data provided by the government in the Parliament, the Enforcement Directorate has registered over 5,200 money-laundering cases since 2014, of which only 40 have resulted in convictions and 3 reusulted in acquittals.
In Parliament, Minister of State for Home Nityanand Rai revealed that the Enforcement Directorate (ED) has registered over 5,200 money-laundering cases since 2014,with only 40 convictions and 3 acquittals.
From 2014 to 2024, the ED lodged 5,297 cases under the Prevention of Money Laundering Act (PMLA), 40 of which resulted in convictions and 3 in acquittals.
Rai also reported that 375 individuals are currently under arrest under the anti-money laundering law.
Additionally, data for the Unlawful Activities (Prevention) Act (UAPA) showed 8,719 cases between 2014 and 2022, leading to 567 acquittals and 222 convictions.
The ED's conviction rate in money laundering cases is 93 per cent.
Minister of State for Finance Pankaj Chaudhary noted that the ED had filed 7,083 Enforcement Case Information Reports (ECIRs) as of July 31.
