PMLA came into force with effect from July 1 in 2005, and till date, trial has been completed only in 36 cases by the Special Court.
[Representative Photo: SNS]
The Directorate of Enforcement, initiated probe into 87 cases against MPs, MLAs and MLCs (both former and sitting) under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) during the last 5 years.
This was what Minister of State for Finance, Pankaj Chaudhary informed the Rajya Sabha on Tuesday. In response to a written reply in the Upper House, he said that during the last 5 years 59 Prosecution Complaints (PCs) have been filed before the Special Court (PMLA) which are at various stages of trial.
According to him, the trial of offence of money laundering has been completed only in 21 cases on merit out of 36 decided cases which resulted in the conviction of 31 accused in 20 cases.
He said, in the remaining 15 cases, trial of offence of money laundering could not proceed further on merit due to quashing of predicate offence, on the basis of charge sheet, filed by predicate agency.
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Notably, the PMLA came into force with effect from July 1 in 2005, and till date trial has been completed only in 36 cases by the Special Court, PMLA and the remaining 1,082 cases are at various stages of trial.
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