NEW DELHI: The conviction rate in cases registered by Enforcement Directorate under Prevention of Money Laundering Act is 93%, the govt informed Parliament Tuesday.
In a written response to a question, minister of state for finance Pankaj Chaudhary said that the agency has registered 7,083 cases under PMLA till July 2024 and has attached/seized assets worth over Rs 1.4 lakh crore so far.
“The rate of conviction obtained under PMLA is around 93%. Total value of proceeds seized under PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and attached under PMLA is approximately Rs 1,31,375 crore,” the minister added.
In another response, the junior finance minister said 132 of the 7,083 cases under PMLA are registered against politicians — former MPs, MLAs, MLCs and other political leaders or anyone affiliated to political parties.
The highest 34 such cases (against politicians) were registered in 2022, followed by 28 in 2020 and 26 each in 2021 and 2023 in which only five cases trials have been completed and one resulted in conviction in 2020. The minister, however, did not give details of these specific cases.
Under the Black Money Act, the govt said 648 disclosures of illegal foreign assets worth Rs 4,164 crore were made in the one-time three months compliance window, under BMA, from July 1, 2015 to September 30, 2015.
The amount collected by way of tax and penalty in such cases was about Rs 2,476 crore. As on March 31, orders have been passed in about 652 cases raising demand of more than Rs 17,162 crore, and 163 prosecutions have been launched under the Black Money Act and chargesheets filed in 109 cases.
In a written response to a question, minister of state for finance Pankaj Chaudhary said that the agency has registered 7,083 cases under PMLA till July 2024 and has attached/seized assets worth over Rs 1.4 lakh crore so far.
“The rate of conviction obtained under PMLA is around 93%. Total value of proceeds seized under PMLA is Rs 3,726 crore, frozen Rs 4,652 crore and attached under PMLA is approximately Rs 1,31,375 crore,” the minister added.
In another response, the junior finance minister said 132 of the 7,083 cases under PMLA are registered against politicians — former MPs, MLAs, MLCs and other political leaders or anyone affiliated to political parties.
The highest 34 such cases (against politicians) were registered in 2022, followed by 28 in 2020 and 26 each in 2021 and 2023 in which only five cases trials have been completed and one resulted in conviction in 2020. The minister, however, did not give details of these specific cases.
Under the Black Money Act, the govt said 648 disclosures of illegal foreign assets worth Rs 4,164 crore were made in the one-time three months compliance window, under BMA, from July 1, 2015 to September 30, 2015.
The amount collected by way of tax and penalty in such cases was about Rs 2,476 crore. As on March 31, orders have been passed in about 652 cases raising demand of more than Rs 17,162 crore, and 163 prosecutions have been launched under the Black Money Act and chargesheets filed in 109 cases.
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