The Supreme Court has given a big decision on the Prevention of Money Laundering Act (PMLA). In a setback to the people trapped in the case registered by the Enforcement Directorate, the court has dismissed the petitions challenging various provisions of the PMLA Act. The court has said that the amendments made in the law in 2018 are correct. Along with this, the top court has upheld all the powers of the Enforcement Directorate (ED).
The Supreme Court has upheld all the powers given to the ED in the PMLA Act, including arrest, raid, summons, and statement. The Court has said that the Enforcement Case Information Report (ECIR) cannot be clubbed with the FIR. It is not necessary to give a copy of ECIR to the accused. It is enough to disclose the reasons for the arrest. The court has said that the statement given before the ED is evidence.
More than 100 petitions were filed in the Supreme Court challenging the constitutionality of several provisions of PMLA. In this, the powers of the ED, the right to arrest, the manner of summoning witnesses and confiscation of property, and the bail process were challenged. The petitions were filed by Congress leader Karti Chidambaram, NCP leader Anil Deshmukh and others.
Agency should be bound to follow CrPC
The petitions had contended that the powers of arrest, bail, and confiscation of property under the PMLA Act are outside the purview of the CrPC. Many provisions of this law are unconstitutional, as the procedure for investigation and trial of a cognizable offense is not followed. The petitions said that the investigating agency should be bound to follow the CrPC while conducting the investigation. Several lawyers, including senior advocates Kapil Sibal and Abhishek Manu Singhvi, presented their side in this case.
Only 23 have been convicted in 17 years
The Central Government, in response to a question in the Lok Sabha, said that the PMLA Act came into force 17 years ago. Since then 5,422 cases have been registered under this law. Whereas, only 23 people have been convicted. Till March 31, the ED has attached assets worth more than one lakh crore and filed charge sheets in 992 cases.
Shadab Jakati: How much is a 10 rupee biscuit? Dear Shadab, bought Mahindra Scorpio, what is the specialty and what is the price?
Shadab Jakati, who went viral on social media with 'How much are 10 rupee biscuits', has recently bought a Mahindra Scorpio. Shadab has also posted its video on social media. Where people are also
Shubhanshu Shukla: Shubhanshu Shukla's 'namaskar' from space, said- it feels like I am learning to walk like a child
In his first call from space, Indian astronaut Shubhanshu Shukla recalled the experience of Wednesday's launch. Reliving that moment, he described this experience as indescribable. Greeting with
Team India won by sixes, yet Axar Patel failed to break this record of Kapil Dev
In the second ODI between India and West Indies, Axar Patel played a brilliant inning. Axar scored 64 not out off 35 balls and gave victory to Team India. Patel gave India victory by hitting a six in
Covid-19: Covid-19 is increasing in Karnataka, 42 new cases were registered, and an infected elderly person died
The second death from Covid-19 has been reported in Karnataka. According to a senior health department official, a 70-year-old man died after being found Covid-19 positive in a hospital in Belagavi
Ukraine said - Russia's ceasefire is a well-thought-out move: Zelensky's close friend said - this is just propaganda and duplicity
Russian President Vladimir Putin announced on Thursday night that his army will not attack Ukraine on January 6 and 7. That is, there will be a ceasefire from the Russian side for two days. Putin has
World Cup: Prime Minister Modi met Indian players after the final; Shake hands with Jadeja, hugged Shami
India had to face defeat in the final of the ODI World Cup 2023 against Australia. Kangaroos beat India by six wickets. After this defeat, the Indian players went to the dressing room and a picture of
India-China Relation: If the trade with India decreased, then the wind came out of China, now it is requesting to improve relations
India-China Relation After deteriorating relations with India, now China's arrogance has started coming out. As soon as the trade with India decreased, China's top diplomat Wang Yi requested the
Ukraine's Independence Day today, Russia will do the biggest attack: Putin sent heavy missiles; America alerted
This is the fear of Ukrainian President Volodymyr Zelensky. In his speech 4 days before the independence day of Ukraine, he warned the people of the country.
MI Playoffs Scenario: How can Mumbai Indians get a playoff ticket even with 12 points? Know the complete equation
Mumbai Indians were defeated by Kolkata Knight Riders after 12 years at the Wankhede Stadium in Mumbai. KKR team showed tremendous performance and defeated Mumbai by 24 runs at its own
Foreign Trade Policy: The government extended the foreign trade policy for six months, the period was to end on 30
The government on Monday said it has decided to extend the existing foreign trade policy (2015-20) for another six months till March 2023. The current Foreign Trade Policy (FTP) was to end on 30
