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ED attaches about ₹23,000 crore of Anil Ambani group assets in money-laundering cases
ਖ਼ਬਰਾਂ ਵਿੱਚ ਕਿਉਂ?
₹23,000 crore attached, but which ministry runs the ED? The PMLA 2002 answer GS3 tests
ED attachment under PMLA crosses ₹23,000 crore in the Anil Ambani group cases.
Why it matters: general awareness
What you need to know
2 ਮਿੰਟ
The Enforcement Directorate has attached assets worth about ₹23,000 crore in cases against the Anil Ambani group, including two aircraft, windmills and land parcels.
The agency acts under the Prevention of Money Laundering Act, 2002, which allows provisional attachment of proceeds of crime.
The Directorate functions under the Department of Revenue in the Finance Ministry.
ਸਰੋਤ: Topper IAS editorial (PIB / The Hindu / Indian Express)
ਮੁੱਖ ਤੱਥ
Remember these
- ED has attached assets worth about ₹23,000 crore in cases against the Anil Ambani group, including two aircraft, windmills and land parcels.
- The Enforcement Directorate acts under the Prevention of Money Laundering Act, 2002 (PMLA).
- PMLA allows provisional attachment of proceeds of crime.
- The ED functions under the Department of Revenue, Ministry of Finance.
- Attachment is provisional and must be confirmed by the Adjudicating Authority under PMLA.
ਪ੍ਰੀਲਿਮਜ਼ · ਮੇਨਜ਼
How the exam will ask it
ਪ੍ਰੀਲਿਮਜ਼
- The Enforcement Directorate is a multi-disciplinary agency under the Department of Revenue, Ministry of Finance.
- The Prevention of Money Laundering Act, 2002 empowers provisional attachment of proceeds of crime.
- Provisional attachment under PMLA is placed before the Adjudicating Authority for confirmation.
- The ED also enforces the Foreign Exchange Management Act, 1999 (FEMA).
ਮੇਨਜ਼
GS3 (Internal Security/Economy: black money and money laundering). Large attachments under PMLA show the ED's reach over proceeds of crime, but raise concerns over high thresholds for bail, delayed trials and perceived selective use. Way forward: clear conviction-focused prosecution, judicial oversight of attachments, timely adjudication and safeguards for due process.
Quick recall
Answer before you reveal
With reference to the Enforcement Directorate, consider the following statements:
- It enforces the Prevention of Money Laundering Act, 2002, which provides for attachment of proceeds of crime.
- It functions under the Ministry of Home Affairs.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
ਜਵਾਬ ਵੇਖੋ
ਜਵਾਬ: A — Correct: 1 only — The first statement is correct; the second is wrong because the ED sits under the Finance Ministry. • 2 only — wrong: Statement 2 is wrong, since the ED works under the Department of Revenue, not the Home Ministry. • Both 1 and 2 — wrong: Statement 2 is wrong, so both cannot hold. • Neither 1 nor 2 — wrong: Statement 1 is correct, so "Neither" is wrong.
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