In 17 years, ED arrested 400, sentencing only 25!

New delhi date. Thursday, June 9, 2022

In the 15 years since the Enforcement Directorate started money laundering in the country, more than 200 people have been arrested in different cases but only 4 of them have been convicted by the court. The official figures have come out.

During this period, the directorate has filed about eight complaints or cases for money laundering in which assets worth Rs 1,04,606 crore have been seized. The comprehensive powers under this Act came into force after the enactment of the law in 2006 and came after the legal amendment in July 2009. Under the law, the agency has the power to issue summons, make arrests and seize property while the investigation is ongoing.

According to official figures, the agency has filed a total of eight chargesheets. Out of a total of 200 people arrested, only 4 have been convicted. Those convicted include successful cases involving officers, individuals involved in drug trafficking, and financing terrorists.

The agency also has the power to investigate cases under the Foreign Exchange Management Act (FEMA). As on March 206, a total of 20,612 cases have been investigated under this Act, out of which investigation has been completed in 14 cases.