Only 2.98 Percent Money Laundering Cases Against MPs-MLAs: ED

Only 2.98 percent of money laundering cases against MPs-MLAs; Punishment received in 96 percent of cases- ED.

The Enforcement Directorate (ED) has said that only 2.98 percent of its total ECIR or complaints have been registered against sitting or former MPs and MLAs.

At the same time, its conviction rate under the Money Laundering Act is at the highest level of 96 percent.

Presented data till January 31, 2023.

The Federal Investigation Agency has released the latest data of its action under three laws till January 31, 2023.

It gives details of actions taken under the Prevention of Money Laundering Act (PMLA), Foreign Exchange Management Act (FEMA), and Fugitive Economic Offenders Act (FEOA).

PMLA’s responsibility was handed over to ED in 2005.

The ED is tasked with enforcing the strict provisions of the PMLA, enacted in 2002, effective July 1, 2005.

The law empowers the agency to summon and arrest suspects at the investigative stage and seize their assets during the investigation and prosecution of the offenders. in court.

2.98% of cases for deputy level in total registered cases.

The data presented shows that the ED has registered a total of 5,906 complaints since the law went into effect.

It recorded a total of 176 Law Enforcement Case Information Reports (LCIRs) against serving MPs and former MPs and MLCs, or 2.98% of the total cases.

Suffice it to say that an ED complaint is considered the equivalent of a police FIR. In 98% of recorded cases, the defendant was punished.

According to the report, a total of 1,142 complaints or indictments have been filed under the PMLA and a total of 513 people have been arrested under these ECIR complaints and prosecutions.

According to the data, a total of 25 PMLA cases were processed and 24 resulted in conviction while one resulted in acquittal during this period.

The number of defendants convicted under the anti-money laundering law in these cases was 45. According to statistics, in 96% of the cases, the defendants were convicted.