Hearing of 28% of money laundering cases pending in courts, government informed in Rajya Sabha
Money Laundering: The government gave this information in Parliament on Tuesday. In a written reply, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha that the federal anti-money laundering agency filed 911 charge sheets between 2019 and October 2024, of which the highest 239 were placed before the courts last year.
The trial of the money laundering charge sheets filed with the courts designated by the Enforcement Directorate is pending about 28 percent in the last six years. This information was given by the government on Tuesday. In a written reply to this, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha that the federal anti-money laundering agency filed 911 charge sheets between 2019 and October 2024, of which the highest 239 were placed before the courts last year.
"Out of 911 prosecution complaints the charge sheets filed (during a period of six years), trial in 257 cases is pending till date," the Minister of State for Finance said. "Conviction has been secured in 42 cases of money laundering offenses, in which 99 accused have been sentenced and proceeds of crime have been confiscated," Choudhary said.
As of December 4, a total of 106 special courts under the Prevention of Money Laundering Act are functioning across the country for trial of money laundering-related offenses, the minister said.
