Rs 18,000 cr returned to banks from Mallya, Nirav & Choksi: Centre to SC
Darpan News Desk IANS, 23 Feb, 2022 12:50 PM
New Delhi, Feb 23 (IANS) Solicitor General Tushar Mehta on Wednesday informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.
Mehta, representing the Centre, submitted before a bench headed by Justice A.M. Khanwilkar that the total proceeds of crimes in the Prevention of Money Laundering Act (PMLA) cases pending before the top court amounts to Rs 67,000 crore.
He further added that as on date 4,700 cases are being investigated by the Directorate of Enforcement and the number of the cases taken up for investigation each year in the last 5 years varies from 111 cases in 2015-16 to 981 in 2020-21. Mehta submitted before the bench that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi and Mehul Choksi.
The top court is hearing a clutch of petitions, challenging the wide scope of powers available to the directorate of enforcement (ED) for search, seizure, investigation, and attachment of proceeds of crime under the law.
Mehta submitted before the bench, also comprising Justices Dinesh Maheshwari and C.T. Ravikumar, that during the last five years (2016-17 to 2020-21), only 2,086 cases were taken up for investigation under the PMLA out of registration of FIR of approximately 33 lakh for predicate offences by the police and other enforcement agencies.
He added, "very small number of cases are being taken up for investigation under the PMLA as compared to annual registration of the cases under the Money Laundering Act in the UK (7,900), the US (1,532), China (4,691), Austria (1,036), Hongkong (1,823), Belgium (1,862) and Russia (2,764)".
Mehta emphasized that the measures against money-laundering have clearly left embryo of drug or terrorism related offences and moved beyond the same. "Further, the efforts against money laundering have consistently advocated to include the widest range of predicate offences in the domestic laws," he added.
Over the past few weeks, a battery of senior advocates, including Kapil Sibal, Abhishek Manu Singhvi, Mukul Rohatgi, Sidharth Luthra, Amit Desai, and others have made submissions before the top court on various aspects related to potential misuse of PMLA provisions introduced by way of amendments to the Act.
The law has been criticised on various aspects: stringent bail conditions, non-communication of grounds of arrest, arrest of persons without supply of ECIR (akin to FIR), broad definitions of money laundering and proceeds of crime, and statements given by accused during investigation made admissible as evidence during trial.
Five-time Punjab Chief Minister and Shiromani Akali Dal (SAD) patron Parkash Singh Badal on Monday filed his nomination for the upcoming assembly elections from Lambi constituency in Punjab's Muktsar district. He is the oldest candidate at 94 for the February 20 polls to the 117-member legislative Assembly.
According to sources, Dr Soundarya conducted naming ceremony of her baby three months ago. Police sources say that there are very less chances of family dispute and reason for the suicide is yet to be ascertained. The maid and statements collected so far in the apartment said that couple lived happily.
According to the BSF, around 5.15 a.m. an alert BSF team comprising Head Constable (HC) Gyan Singh and Constable Raju Biswas of 89 Battalion observed suspicious movement of miscreants, suspected to be smugglers both across the International Border as well as inside the Indian territory between the Border Outpost No. 33/06 and 33/07 in the cover of dense fog.
In an apparent embarrassment for Punjab Congress chief Navjot Singh Sidhu, his 'elder sister' Suman Tur on Friday described him a 'cruel' for deserting her elderly mother after father's death with an intention to 'grab family property'. She told the media here that Sidhu had abandoned her mother and she passed away on a railway station in 1989.
The Shiromani Akali Dal (SAD) on Friday demanded transfer of state intelligence officials, including the top brass, who face charges of compromising the security of Punjab and indulging in electoral malpractices to provide "illegal, illegitimate and immoral" help to the ruling Congress.
Due to incessant rains and water logging of fields owing to overflow of nearby natural drains during September-October 2021 in Delhi, crops of farmers have been severely damaged, the Delhi government said in a release, adding that Chief Minister Arvind Kejriwal had taken cognisance of the matter and assessed that a relief package for crop damage was necessary to be provided.
