Last Updated on 07/08/2024 by wccexam Desk
The Central Government told the Parliament on Tuesday that the Enforcement Directorate (ED) has registered more than 5,200 money-laundering cases since 2014. Of which 40 resulted in conviction and 3 cases were acquitted. Union Minister of State for Home Nityanand Rai gave this information in a written reply to a question in the Lok Sabha. According to the data, a total of 5,297 cases were registered by the ED under the Prevention of Money Laundering Act (PMLA) between 2014 and 2024.
According to the information given in Parliament, during this period, convictions were given in 40 cases. While people have been acquitted in three cases. According to the data shared by the minister, a total of 375 accused have been arrested under the anti-money laundering law for the period between 2016 and 2024.
So many arrests were made under UAPA
During this time, the Union Minister also gave data on cases registered under the Unlawful Activities (Prevention) Act (UAPA), besides acquittals and convictions under anti-terrorism law between 2014-22. The data shows that a total of 8,719 UAPA cases were registered by state and central agencies during this period, in which 567 people were acquitted and 222 were convicted.
Related news
- Is it a jail or an inn, Baba was outside for 255 days in 7 years, Story of Ram Rahim’s ‘freedom’
- Did the crowd enter the crime scene in Kolkata hospital? Police clarified
- My reputation is not more important than the nation, the fight against corruption will continue, said PM Modi
- Multibagger Stock: These 5 stocks turned out to be amazing… made you rich in just one year, this was the price on last 15th August
- What is Green Hydrogen,PM Modi wants India to become its hub?
Let us tell you that according to the Prevention of Money Laundering Act (PMLA), if any property or cash is collected by misappropriation or embezzlement of money, then it is ‘criminal income’ and it is considered money laundering. According to PMLA, if any property or cash is collected by misappropriation or embezzlement of money, then it is ‘criminal income’ and it is considered money laundering. When ED seizes any property or cash in money laundering cases, then the authority has to be informed about it.
What happens to the seized cash
Legally, ED has the right to seize money, but it cannot keep the seized cash with itself. As per protocol, whenever the agency seizes cash, the accused is asked about its source. If the accused is unable to tell the source or ED is not satisfied with his answer, then it is considered as ‘unaccounted cash’ or money earned through ‘wrong means’. After this, the cash is seized under PMLA. After this, ED calls the SBI team to count the notes. Notes are counted using machines. Then the seizure memo is prepared by the ED team in the presence of SBI officials.
How much cash was recovered? How many notes of which currency? All this is noted in the seizure memo. Later, in the presence of witnesses, it is sealed in boxes. After sealing and preparation of seizure memo, the recovered cash is deposited in the SBI branch. All this amount is deposited in the Personal Deposit (PD) account of ED.
Source (PTI) (NDTV) (HINDUSTANTIMES)