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Black Money: ED attaches Rs 9,003 crore, Files 173 Chargesheets!
By: Tupaki Desk | 30 April 2015 4:09 AM GMT
Wagging war against the Black Money Hoarders and Money Launderers, The Enforcement Directorate (ED) attached assets worth Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15.
In the past one year, Rise is number of assets attached by ED is upto 400 percent and increase in FIRs in the same period is over 500 percent. The assets have surpassed 600 percent and there is 200 percent rise in the filing of prosecution complaints or charge sheets.
Enforcement Directorate probes financial crimes under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). Under PMLA, ED attached assets to the tune of Rs 9,003.26 crore and registered 1,326 FIRs. About 52 people has been arrested on money laundering charges. The agency has submitted a detailed report on black money to the Special Investigation Team (SIT) and the Finance Ministry.
In the past one year, Rise is number of assets attached by ED is upto 400 percent and increase in FIRs in the same period is over 500 percent. The assets have surpassed 600 percent and there is 200 percent rise in the filing of prosecution complaints or charge sheets.
Enforcement Directorate probes financial crimes under the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). Under PMLA, ED attached assets to the tune of Rs 9,003.26 crore and registered 1,326 FIRs. About 52 people has been arrested on money laundering charges. The agency has submitted a detailed report on black money to the Special Investigation Team (SIT) and the Finance Ministry.
