Over 1,700 cases in trial stage: ED
New Delhi: Over 1700 money laundering cases probed by the Enforcement Directorate (ED) are currently in the trial stage and the delay in courts can be attributed to the general delay in the justice system in the country, Enforcement Directorate Director Rahul Navin said on Thursday.
The top officer of the Enforcement Directorate, however, said the conviction rate of the Enforcement Directorate cases was 93.6 per cent as out of 47 cases decided by courts till now, there have been only three acquittals.
A total of 1,739 cases of PMLA are under trial at present and the delay in prosecution in the money laundering cases can be attributed to general delay in the justice system in the country, he said while addressing the Enforcement Directorate Day event held here. Navin said he "candidly" acknowledges pending investigation in PMLA cases, saying it will be the agency's efforts to file chargesheets in such cases before courts.
He said the Enforcement Directorate will use advanced technology and forensics in its investigations.
The federal probe agency has completed 69 years of its existence as it was established on May 1, 1956.
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