• Wed, December 11, 2024

by: The Royal Gazette

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Trial in 28% PMLA cases pending in courts

by: Sacramento Bee

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by: AOL

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by: Business Line

ED's conviction rate is less than 5% in money laundering cases

  • Thu, December 12, 2024

by: The Age

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by: Daily Mail

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by: The Fresno Bee

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by: Bloomberg L.P.

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by: Cyprus Mail

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by: India TV

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by: businesstech.co.za

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by: NOLA.com

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by: Business Line

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by: Business Today

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by: MSN

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by: MSN

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ED's conviction rate is less than 5% in money laundering cases

Enforcement Directorate's low conviction rate under PMLA exposed by Congress MP, with only 42 convictions out of 911 cases.
The article from The Hindu Business Line discusses the low conviction rate of the Enforcement Directorate (ED) in money laundering cases, which stands at less than 5%. Despite the ED's increased activity in raids and attachments, the actual number of convictions remains minimal. From 2005 to 2023, out of 5,906 cases registered under the Prevention of Money Laundering Act (PMLA), only 25 individuals were convicted, highlighting a significant gap between the agency's enforcement actions and successful prosecutions. The article points out that while the ED has been proactive in filing complaints, with 896 complaints filed in 2022-23 alone, the conviction rate has not seen a corresponding increase. This discrepancy raises questions about the effectiveness of the ED's strategies and the legal framework surrounding money laundering in India.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/news/eds-conviction-rate-is-less-than-5-in-money-laundering-cases/article68973273.ece