Latest news with #EnforcementDirectorateDay
Time of India
02-05-2025
- Business
- Time of India
Hyd ED zonal office tops in prosecution under PMLA
Hyderabad: The Hyderabad zonal office of the Enforcement Directorate has been recognised as the top performing unit in the country for the financial year 2024–2025, earning national acclaim for filing the highest number of prosecution complaints under the Prevention of Money Laundering Act . Joint director Rohit Anand was honoured by the ministry of finance during a special ceremony held in Delhi on Enforcement Directorate Day on Thursday. The award was presented by additional solicitor general SV Raju, minister of state for finance Pankaj Chaudhary, and ED director Rahul Navin. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Of the 333 prosecution complaints filed by the ED across India in the last financial year, the Hyderabad zonal office accounted for 49—more than any other zone. The Hyderabad office also played a pivotal role in financial recoveries , contributing over ₹6,000 crore out of the ₹15,261 crore recovered by the ED through 30 cases nationwide. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 10 Mysterious Photos That Cannot Be Explained True Edition Undo ED officials noted said although many criminal assets are secured, they often remain unproductive until final confiscation orders are passed by the courts. To accelerate restitution, the agency utilised provisions for Non-Conviction Based Confiscation under the PMLA, as well as the Fugitive Economic Offenders Act. These efforts were bolstered through collaboration with banks, financial institutions, state govts, resolution professionals, and legal officers. The Hyderabad zonal office also recorded a significant number of property attachments and enforcement case information reports, further strengthening its contribution to the ED's national enforcement efforts.
Hans India
02-05-2025
- Politics
- Hans India
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.
NDTV
01-05-2025
- Politics
- NDTV
Over 1,700 Money Laundering Cases In Trial Stage: Probe Agency 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. Mr 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. It implements two criminal laws--The Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA)-- apart from the civil provisions of the Foreign Exchange Management Act (FEMA).
