New Delhi:
More than 1700 money laundering cases investigated by the Enforcement Directorate (ED) are currently at the testing phase and the delay in courts can be attributed to the general delay in the justice system in the country, the Enforcement Director Rahul Naveen said on Thursday.
The top officials of the Enforcement Directorate, however, stated that the sentence of enforcement directorate cases was 93.6 percent as only three of the 47 cases fixed by the courts are acquitted so far.
A total of 1,739 cases of PMLA are currently under testing and the delay in prosecution in money laundering cases can be held responsible for general delay in justice system in the country, while addressing the Enforcement Directorate Day incident held here.
Mr. Naveen said that he accepts the pending investigation in the cases of PMLA “clearly”, saying that it would be the agency’s efforts to register a charge sheet in such cases before the courts.
He said that the Enforcement Directorate would use advanced technology and forensic in its investigation.
The federal investigative agency has completed 69 years of its existence as it was established on 1 May 1956.
This enforces two criminal laws-in addition to the Civil Provisions of the Laundering Act (PMLA) and the prevention of the Fugitive Economic Offenders Act (FEOA)-Foreign Currency Management Act (FEMA).
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