What TV doesn't, print can't; we deliver.
What TV doesn't, print can't; we deliver.
As of December 4, 2024, the government has set up 106 special courts across the country to handle cases related to money laundering under the PMLA.
NEW DELHI: The Enforcement Directorate (ED) has filed a total of 911 Prosecution Complaints (PCs) under the Prevention of Money Laundering Act (PMLA) between January 1, 2019, and October 31, 2024, as per the response provided by the Ministry of Finance in the Rajya Sabha on December 10, 2024.
In response to an unstarred question raised by Randeep Singh Surjewala, the Minister of State for Finance, Pankaj Chaudhary, provided detailed information regarding the number of economic offence cases filed by the ED over the last five years. The question sought year-wise data on the number of cases filed, the status of pending trials, convicted cases, and the number of special courts functioning under PMLA.
The year-wise breakdown reveals a steady increase in the number of cases filed. In 2019, the ED filed 50 cases, followed by 106 cases in 2020 and 128 cases in 2021. The number continued to rise in 2022, with 182 cases, and further surged in 2023, reaching 239 cases. As of October 31, 2024, the ED filed 206 cases, marking a consistent upward trend in the agency’s efforts to address economic offences.
ALSO READ: India’s nuclear energy doubles in a decade, aims to triple by 2031-32
Regarding the progress of trials, the Ministry stated that out of the 911 prosecution complaints filed, trials are still pending in 257 cases. Additionally, the ED has secured convictions in 42 cases, leading to the sentencing of 99 accused individuals. Furthermore, the proceeds of crime involved in these cases have been confiscated, underlining the ED’s efforts in recovering illicit assets.
As of December 4, 2024, the government has set up 106 special courts across the country to handle cases related to money laundering under the PMLA. These courts are specifically tasked with dealing with offences related to money laundering, helping streamline the judicial process and ensuring dedicated attention to these important cases.
ALSO READ: INS Tushil commissioned: Strengthens Indian Navy’s capabilities
This data was provided in response to the questions raised regarding the number of economic offences filed by the ED, the status of pending trials, convictions, and the functioning of special courts. The government’s efforts to combat money laundering through these measures reflect its commitment to addressing financial crimes and strengthening the legal framework for economic offences in the country.
