The Finance Ministry has informed Rajya Sabha that the Enforcement Directorate (ED) took up 5,892 cases under the Prevention of Money Laundering Act (PMLA) since 2015 and secured the conviction of 15 people from these cases during the period.
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Union Minister of State for Finance Pankaj Chaudhary said in a written reply: “In these cases, 1,398 Prosecution Complaints (PCs), including 353 Supplementary PCs have been filed before the respective Special Courts under PMLA. Out of which, so far, the Special Courts have framed charges in 300 Prosecution Complaints including 66 Supplementary PCs and the PMLA Special Courts have convicted 15 persons in eight conviction orders in these cases till June 30.”
The minister said that the ED has filed closure reports before the special PMLA court in 49 of the total cases.
In an annual report 2024-25, ED Director Rahul Navin said: “In the early years of administering PMLA, most cases pertained to drug-related offences. Till March 2014, only 1,883 Enforcement Case Information Reports (ECIRs) had been registered — averaging fewer than 200 annually — and just 84 Prosecution Complaints (PCs) were filed, with assets under attachment only Rs 5,171.32 crore.”
“Between April 2014 and March 2024, there has been a significant scale-up in enforcement activity, with 5,113 PMLA investigations initiated — averaging 511 ECIRs annually — and 1,332 PCs filed. I am pleased to report that building on this momentum, in FY- 2024-25, 775 new PMLA investigations were launched, 333 PCs were filed, and notably, 34 individuals were convicted,” he said.
