27-fold rise in ED raids under NDA

[Lovecrusader]

ED ni tega vadtunaru ..............888 cases filed , sagam convict aina big achievement but now conviction is 6.25% .Tokki  naaratesthuanaru .......inkaa telugu states ni sarigga target cheyaledu....mukku dora ni nect target cheyichu , jaggad under control never mind

 

Searches also go up by nearly three times under FEMA

Searches conducted by the Enforcement Directorate (ED) went up by almost 27 times during the eight years of the Modi government as compared to the first nine years of the enforcement of the Prevention of Money Laundering Act (PMLA), the Rajya Sabha was informed on Tuesday.

 

 

Searches also went up by nearly three times under the Foreign Exchange Management Act (FEMA). During the nine years of the UPA government, 571 searches were conducted and 8,586 cases were taken up for investigation. In the past eight years, 996 searches were conducted and 22,330 cases were taken up for investigation under FEMA.

Under the PMLA from 2004-05 to 2013-14, a small number of 112 searches were carried out and 104 prosecution complaints were filed. During the period, trial courts did not convict anyone for money laundering. Nor did they confiscate any property.

Under the PMLA from 2004-05 to 2013-14, a small number of 112 searches were carried out and 104 prosecution complaints were filed. During the period, trial courts did not convict anyone for money laundering. Nor did they confiscate any property.

It resulted in the conviction of 23 persons and confiscation of proceeds of crime worth Rs 869.31 crore. Further, there has been an attachment of proceeds of crime of nearly Rs 1 lakh crore.

MoS Pankaj Chaudhary said there were broadly six reasons for higher number of searches, the foremost being government’s commitment in preventing money laundering and improved systems for gathering financial intelligence through technology.

[csrcsr]

 

[Android_Halwa]

2005-14 madhyalo ED was still in its early years dealing with money laundering..

2014 tarvata nundi CBI kante ekuva caselu and raids velle kodtunattu vunaru...Sometimes I wonder if they have enough staff to deal with all these cases.

[NotSoBusy]

23 minutes ago, Android_Halwa said:

2005-14 madhyalo ED was still in its early years dealing with money laundering..

2014 tarvata nundi CBI kante ekuva caselu and raids velle kodtunattu vunaru...Sometimes I wonder if they have enough staff to deal with all these cases.

jaggu and co properties attach chesindi before 2014 ey kada , why does the article say that the amount attached before 2014 is zero ?