Agency, New Delhi
Published by: Dev Kashyap
Updated Fri, 25 Feb 2022 06:14 AM IST
Summary
Solicitor General Tushar Mehta said that out of the attached assets worth Rs 98,368 crore, the relevant authorities have also confirmed criminal income of Rs 55,899 crore. Besides this, assets worth Rs 853.16 crore have already been attached by the Central Government under the orders of the competent court.
The Central Government told the Supreme Court on Thursday that in the last 17 years, 4850 cases were investigated under the Anti-Money Laundering Act and assets worth Rs 98,368 crore were attached. The Supreme Court is hearing petitions filed for the interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA). A total of 2883 raids were conducted in these cases.
Solicitor General Tushar Mehta told before a bench of Justice AM Khanwilkar, 51 cases of money laundering are related to terrorism and Naxal funding. Criminal proceeds of Rs 1249 crore have been detected in which 256 properties worth Rs 982 crore have been attached. 37 complaints were registered in these cases and two terrorists were also convicted under PMLA.
Mehta said that out of the attached assets worth Rs 98,368 crore, the relevant authorities have also confirmed criminal income of Rs 55,899 crore. Besides this, assets worth Rs 853.16 crore have already been attached by the Central Government under the orders of the competent court. Mehta told the bench that money laundering of about Rs 67,000 crore is estimated to be involved in the cases which are still pending.
Property of these terrorists also attached
Mehta told the bench that the attached properties include those of UN-designated terrorist Hafiz Saeed, Hizbul Mujahideen’s Syed Salahuddin and narcotic smuggler Iqbal Mirchi.
Expansion
The Central Government told the Supreme Court on Thursday that in the last 17 years, 4850 cases were investigated under the Anti-Money Laundering Act and assets worth Rs 98,368 crore were attached. The Supreme Court is hearing petitions filed for the interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA). A total of 2883 raids were conducted in these cases.
Solicitor General Tushar Mehta told before a bench of Justice AM Khanwilkar, 51 cases of money laundering are related to terrorism and Naxal funding. Criminal proceeds of Rs 1249 crore have been detected in which 256 properties worth Rs 982 crore have been attached. 37 complaints were registered in these cases and two terrorists were also convicted under PMLA.
Mehta said that out of the attached assets worth Rs 98,368 crore, the relevant authorities have also confirmed criminal income of Rs 55,899 crore. Besides this, assets worth Rs 853.16 crore have already been attached by the Central Government under the orders of the competent court. Mehta told the bench that money laundering of about Rs 67,000 crore is estimated to be involved in the cases which are still pending.
Property of these terrorists also attached
Mehta told the bench that the attached properties include those of UN-designated terrorist Hafiz Saeed, Hizbul Mujahideen’s Syed Salahuddin and narcotic smuggler Iqbal Mirchi.