Why in News?
The Madras High Court raised concerns over ED officials expanding their powers under PMLA by sealing premises during searches, questioning the legal basis and unchecked enforcement authority.
Description:
- Objective: PMLA aims to prevent and control money laundering, confiscate properties derived from laundered money, and address related issues.
- Offence Defined (Section 3): Money laundering involves processing criminal proceeds to project them as untainted property.
- Enforcement Directorate (ED): The ED is empowered under PMLA to investigate, attach, and confiscate property involved in money laundering.
- Special Courts: PMLA provides for the designation of Special Courts to try offences under the Act.
- Stringent Bail Conditions (Section 45): Bail can be denied unless courts believe the accused is prima facie not guilty and unlikely to reoffend, although exceptions exist for minors, women, and infirm individuals.
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2025 preparation.
FOLLOW US ON:
â—‰ YouTube : https://www.youtube.com/@CivilsPrepTeam
â—‰ Facebook: https://www.facebook.com/LaExcellenceIAS
â—‰ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar: 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040
