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Money Laundering Arrests “Not Arbitrary”

Money Laundering Arrests “Not Arbitrary”


The highest court docket earlier reserved its order on petitions difficult sure provisions of the PMLA.

New Delhi:
Backing the Enforcement Directorate with a vital judgement, the Supreme Courtroom in the present day rejected virtually all objections raised in opposition to the probe company concerning a number of powers together with initiating an investigation, the facility to arrest, and others.

Here is your 10-point cheatsheet to this massive story:

  1. The highest court docket has upheld virtually all of the stringent provisions of the Prevention of Cash Laundering Act (PMLA) in proceeds of crime, search and seizure, energy of arrest, attachment of properties, and bail, which have been below problem within the court docket. Part 19, which offers with the facility to arrest, doesn’t endure from the “vice of arbitrariness”, it stated, including that Part 5 of the Act referring to the attachment of property of these concerned in cash laundering can also be constitutionally legitimate.

  2. Cash laundering not solely impacts the social and financial cloth of the nation but in addition tends to advertise different heinous offences akin to terrorism, offences associated to NDPS Act (The Narcotic Medicine and Psychotropic Substances Act) and many others., the court docket stated. It additionally promotes terrorism and isn’t any much less heinous than it, the court docket, stating that it impacts the social and financial cloth of the nation.

  3. Petitioners had argued that unchecked energy to arrest the accused with out informing them of grounds of arrest or proof is unconstitutional. They additional stated the ED recording incriminating statements from an accused throughout questioning below the specter of being fined for withholding data quantities to compulsion.

  4. The availability of ECIR (Enforcement Case Data Report) copy in each case shouldn’t be necessary as it’s an inner doc, the highest court docket stated, rejecting the petitioners’ problem that it’s much like an FIR and the accused is entitled to a replica of the ECIR. It’s sufficient if Enforcement Directorate, on the time of arrest, discloses grounds for such arrest, it stated.

  5. The petitioners stated that placing the burden of proof on the accused violates basic rights like the fitting to equality and the fitting to life. The Centre, represented by Solicitor Normal Tushar Mehta, responded by saying that owing to the intense nature of the cash laundering offences and the societal must curb it, placing the burden of proof on the accused is justified.

  6. One other main problem, that submitting PMLA fees on circumstances that occurred earlier than 2002 (when PMLA got here into existence) is unconstitutional, was additionally turned down. The Centre justified it by saying that cash laundering is a seamless offence, and never a single act however a series. Proceeds of crime may have been generated earlier than 2002 however may have nonetheless been in possession or in use by the accused post-2002.

  7. The ED’s ‘cash laundering’ raids are up 26 instances below the Modi govt, however the conviction fee is low. Throughout 3010 ‘cash laundering’ searches within the final eight yrs, simply 23 accused have been convicted, the Finance Ministry had stated within the Rajya Sabha. In 112 searches between 2004 – 14, no cash laundering convictions, it added.

  8. ‘Proceeds of crime’ price Rs 99,356 crore have been hooked up between 2014 to 2022 whereas that price Rs 5,346 crore have been hooked up between 2004 to 2014, the Finance Ministry has stated. Whereas there have been 888 prosecution complaints below the Modi authorities, there have been simply 104 between 2004 to 2014, it added, arguing that elevated searches present authorities dedication to stopping cash laundering.

  9. The highest court docket had earlier reserved its order on a batch of petitions difficult sure provisions of the Prevention of Cash Laundering Act (PMLA). The petitioners embrace politician Karti Chidambaram and former Jammu and Kashmir Chief Minister Mehbooba Mufti, amongst others.

  10. The centre had justified the constitutional validity of the provisions of PMLA. The centre had defended the amendments to PMLA, saying cash laundering poses menace not solely to monetary techniques however the integrity and sovereignty of countries, since cash laundering is carried out not simply by corrupt businessmen like Vijay Mallya or Nirav Modi but in addition by terror teams.



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