&w=3840&q=100)
Over 1,700 money laundering cases under trial: ED chief Rahul Navin
Enforcement Directorate (ED) Director Rahul Navin on Thursday revealed that over 1,700 money laundering cases are currently at the trial stage across Indian courts.
He attributed the delay in prosecution to the broader issue of slow judicial processes in the country.
Speaking at the ED Day event in New Delhi, Navin noted that 1,739 cases under the Prevention of Money Laundering Act (PMLA) are being tried in courts. While acknowledging the backlog of pending investigations, he assured that the agency is committed to expediting the filing of chargesheets.
Despite the delays, Navin highlighted the ED's high conviction rate of 93.6 per cent. Of the 47 cases that have been concluded by courts so far, only three have resulted in acquittals.
The ED chief also emphasised the agency's plans to strengthen investigations through the use of advanced technology and forensic tools.
The Enforcement Directorate, which marks its 69th anniversary this year, was established on May 1, 1956. It enforces two major criminal laws — the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA) — in addition to the civil provisions of the Foreign Exchange Management Act (FEMA).
ED Director Rahul Navin also said that the anti-money laundering law was left "largely ineffective" before 2014, and the slowdown in adjudication of these cases can be attributed to the "general delay" in the judicial system of the country, coupled with the inherent complexity of such investigations.
Navin also said that the Enforcement Directorate had a "commendable conviction" rate of 93.6 per cent, as out of the 47 cases decided by courts till now, there have been only three acquittals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
20 minutes ago
- Mint
Swiss firm Cabeltec SA discusses business opportunities in India during meeting with Piyush Goyal
Bern [Switzerland], June 9 (ANI): Cabeltec SA Co-Owner Frederic Leuba met Commerce Minister Piyush Goyal, who is on a two-day visit to Switzerland. They discussed possible business opportunities in India. The Group has expertise in cables and machinery. Speaking to ANI after the meeting, Frederic Leuba said he would give a though about investing on a factory and an office in India. "For the very fine wire, for the wire tech company, it would be more have all the knowledge here. But for the cable industry, maybe we could have in mind to create a factory or an office there," he said. "Since now we don't have a company in India. We (would) work with some companies in India. I cannot say where we already sold one machine, but I know some people in India, some friends in India, and I love the new people in India philosophy, and we have a very good impression to develop (in) the country," he added. Union Minister of Commerce and Industry Piyush Goyal commenced his official visit to Switzerland on Monday, as part of his ongoing visit to Switzerland and Sweden from June 9 to 13, 2025. "This visit underscores India's steadfast commitment to deepening strategic and economic partnerships with key European nations, advancing robust trade and investment ties, and supporting a shared vision for resilient global growth," his ministry said in a statement. The visit commenced in Switzerland today, where the Minister engaged with global CEOs and prominent industry leaders to explore opportunities for strengthening bilateral trade and investment. The itinerary includes focused sectoral meetings with prominent Swiss industry leaders in areas such as Pharma and Life Sciences, and Precision Engineering/Machine Tools/High-tech Manufacturing. The Minister will also connect with the ICAI Zurich Chapter and interact with Indian media. A significant highlight will be meeting with Federal Councillor Guy Parmelin, fostering strong trade and diplomatic ties. "A significant component of the high-level visit to Switzerland will include a series of one-on-one meetings with leading Swiss companies. Indian industry representatives will also participate in these crucial engagements, fostering direct dialogue and exploring specific collaboration opportunities. The day will also feature participation in the Swissmem Industry Day and a Business Round Table with the Swiss Mechanical and Electrical (MEM) Industry, where deliberations will focus on the potential and opportunities arising from the India-EFTA Trade and Economic Partnership Agreement (TEPA)," the commerce ministry said in a statement. (ANI)
Hindustan Times
21 minutes ago
- Hindustan Times
Satellite for ₹33,000, data plan at ₹3000: Starlink's India plan
Elon Musk's satellite internet service Starlink is preparing to commence operations in India within the next two months after receiving its license last week, sources said. The company has finalised its pricing structure for the Indian market, setting the cost of the required satellite dish device at approximately ₹33,000. The monthly unlimited data plan is expected to be priced at ₹3,000. As part of its launch strategy, Starlink plans to offer a complimentary one-month trial period with each device purchase, allowing customers to test the service before committing to regular monthly payments. The satellite internet service is expected to significantly impact connectivity in India's remote and underserved areas, where traditional broadband infrastructure has been challenging to establish. Starlink's low Earth orbit satellite constellation promises to deliver high-speed internet access to locations previously unreachable by conventional terrestrial networks. READ | Modi orchestrated Starlink's Airtel, Jio deals to buy peace with Trump: Congress The pricing structure appears consistent with Starlink's regional strategy, as the device costs align with those in neighbouring countries. In Bangladesh, the Starlink device is priced at ₹33,000, while Bhutan maintains the same ₹33,000 price point for the equipment. Industry experts suggest that Starlink's entry into the Indian market could intensify competition in the country's telecommunications sector and provide crucial connectivity solutions for rural areas, educational institutions, and businesses in remote locations. The company's imminent launch comes as India continues to push for digital inclusion and improved internet connectivity across its vast geographical expanse, particularly in areas where traditional internet service providers have struggled to establish reliable networks.
New Indian Express
28 minutes ago
- New Indian Express
'Treated like criminal': Indian student handcuffed, pinned to floor at US airport, Consulate reaches out to authorities
A disturbing video of an Indian student being handcuffed and pinned to the floor by law enforcement at Newark Liberty International Airport in New Jersey has gone viral, prompting swift response from the Indian Consulate in New York. The incident occured on June 7, was brought to public attention by Indian-American entrepreneur Kunal Jain, who shared the footage on social media platform X. Jain claimed the student was scheduled to board a flight that night but was instead detained, left behind, and later deported. In the video, the visibly distraught student is seen restrained on the ground, crying as officers stand nearby. Jain, who witnessed the incident firsthand, expressed anguish over the student's treatment, writing, 'I witnessed a young Indian student being deported from Newark Airport last night, handcuffed, crying, treated like a criminal.'
