Under 5% Conviction In Money-Laundering Cases: What Ails The Act?
In a disclosure made in the Parliament, the Finance Ministry has said that the Enforcement Directorate has filed 911 Prosecution Complaints in different courts from January 1, 2019 till October 31, 2024, under the provisions of the Prevention of Money Laundering Act. However, trial is pending in 257 cases and conviction has been secured only in 42 cases, wherein 99 accused have been sentenced. The abysmal conviction rate has drawn sharp criticism from the Opposition, with Congress leaders saying this exposes blatant misuse of central agencies by the BJP. What ails India's money-laundering act?
