NEW DELHI: The conviction fee in instances registered by Enforcement Directorate below 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 below PMLA until July 2024 and has connected/seized property price over Rs 1.4 lakh crore up to now.
“The speed of conviction obtained below PMLA is round 93%. Whole worth of proceeds seized below PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and connected below 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 below PMLA are registered towards politicians — former MPs, MLAs, MLCs and different political leaders or anybody affiliated to political events.
The very best 34 such instances (towards 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, nevertheless, 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, below BMA, from July 1, 2015 to September 30, 2015.
The quantity collected by the use 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 below 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 below PMLA until July 2024 and has connected/seized property price over Rs 1.4 lakh crore up to now.
“The speed of conviction obtained below PMLA is round 93%. Whole worth of proceeds seized below PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and connected below 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 below PMLA are registered towards politicians — former MPs, MLAs, MLCs and different political leaders or anybody affiliated to political events.
The very best 34 such instances (towards 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, nevertheless, 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, below BMA, from July 1, 2015 to September 30, 2015.
The quantity collected by the use 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 below the Black Cash Act and chargesheets filed in 109 instances.
