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.
While Akali Dal boycotted the meeting on the issue of farmers protest against the three farm laws, the Congress said that all the MPs should have been briefed and not only the floor leaders.
According to data shared by South Delhi Municipal Corporation (SDMC), which is the nodal agency in this regard, from January 1 to July 17 this year, 40 cases of dengue have been registered.
"In light of rumours that the Mumbai Airport HQ will be moving to Ahmedabad, we unambiguously state that MIAL and NMIAL airports will remain headquarters in Mumbai," the Adani Group said in a statement.
Even as the farmers continue their protest at the borders of Delhi against the three Central farm laws, the government has reiterated its stand that it is "always open to discussion with farmers' unions and will remain open to discussion with the agitating farmers to resolve the issue".
Upping the ante against the Modi government over the Pegasus phone tapping issue, senior Congress leader Kapil Sibal on Tuesday said that the alleged snooping on the phones of Chief Ministers, politicians, judges and people violates multiple laws of the country and is a threat to national security.
Claiming that Amnesty International is directly involved in the Pegasus "international conspiracy" to malign the Prime Minister Narendra Modi led government, Assam Chief Minister Himanta Biswa Sarma on Tuesday demanded that the Central government ban the activities of the organisation in India.
