NEW DELHI: The Enforcement Directorate is on overdrive with 992 prosecution complaints (chargesheets) filed so far for probes taken up under Prevention of Money Laundering Act, which came into force in 2005.
Under the Foreign Exchange Management Act, it has filed over 8,000 show cause notices till date. Rs 23,000 crore have been refunded to public sector banks after selling properties of the accused whose assets were attached by the agency. Besides PMLA, the ED is also the designated agency for investigating the crimes under FEMA and the Fugitive Economic Offenders Act. The latter came into existence in 2018.
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