So far, Rs 18,000 crore has been recovered from businessmen Vijay Mallya, Nirav Modi, and Mehul Choksi, who fled the country after committing bank fraud of thousands of crores. The Central Government gave this information to the Supreme Court on Wednesday. 67,000 crore cases are pending in the Supreme Court related to the Prevention of Money Laundering Act (PMLA). A bench of Justice AM Khanwilkar, Justice Dinesh Maheshwari, and CT Ravi Kumar is hearing the matter.
The Supreme Court is hearing petitions challenging the wide range of powers available to the Enforcement Directorate (ED) for seizure, investigation, and attachment under the PMLA. Several senior lawyers, including Kapil Sibal, Abhishek Manu Singhvi, and Mukul Rohatgi, have argued before the SC on various aspects related to the possible misuse of the recent PMLA amendments.
Only 313 arrested since 2002
Solicitor General Tushar Mehta, representing the central government in the Supreme Court, said that as of date, the Enforcement Directorate is probing 4,700 cases. Only 313 people have been arrested in these crimes since the PMLA came into force in 2002.
33 lakh FIRs, but investigation of only 2,086 cases
Tushar Mehta said that during the last five years (2016-17 to 2020-21) 33 lakh FIRs were registered for such offenses but only 2,086 cases were taken up for investigation under PMLA. However, it is very less as compared to other countries. 7900 in Britain, 1532 in America, 4691 in China, 1036 in Austria, 1823 in Hong Kong, 1862 in Belgium, and 2764 in Russia have been registered annually under the Money Laundering Act.
In the 34th match of the IPL, there was a clash between Sunrisers Hyderabad and Delhi Capitals. T
A major accident happened in Barabanki, UP on Monday morning. A double-decker bus parked on Purva
The heavy police force is deployed across the district in connection with incidents related to Jo
Big information has come to light regarding Ramlala's Pran Pratistha Mahotsav. General Secretary
This Likhpune road accident is in the news these days. Here a speeding luxury car hit a
Delhi Crime: Masked miscreants fired at Delhi's JJ Colony, 2 killed; one seriously injured
A sensational case of double murder has come to light from the national capital Delhi. There has
A banquet dinner was organized during the BRICS summit on Wednesday. Prime Minister Modi was the
As October is about to pass, changes are also being seen in the weather. After snowfall in the hi
The ritual of consecration of Ram Lalla was amazing in many ways. In the seven-day ritual, 5.50 l
UP Budget 2022 Highlights: Ayodhya, Mathura, and Kashi... These are holy places of pilgrimage, bu
