ED to pivot strategy towards core mandate
New Delhi, Oct. 13 -- The Enforcement Directorate (ED) has decided to realign its strategy by focusing more on its core mandate - attaching proceeds of crime to prevent offenders from benefiting from them - amid criticism over its low conviction rate, people familiar with the development have said.
According to a senior ED officer, the federal financial crimes probe agency has attached over Rs.30,000 crore of property as proceeds of crime under the Prevention of Money Laundering Act (PMLA) in financial year 2024-25, compared with Rs.12,477 in 2023-24. In the first five months (April to August) of FY2025-26, the agency has already attached properties worth Rs.15,000 crore, the officer added. Officials aware of the matter said the numbers cou...
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