Question : Violation of PMLA and FEMA

(a) the details of the number of persons or agencies summoned and/or investigated for violating the Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA) during the last three years, year-wise and act-wise;

(b) the details of the value of financial crimes suspected and/or reported, penalties imposed, the value of attachment and property confiscated as proceeds of crime during the said period, year-wise; and

(c) the brief details of all cases investigated, specifically including person(s) involved, financial crime committed/suspected, and the action taken during the period, year-wise?

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)

(a) As on 31.10.2019, Enforcement Directorate is conducting investigations in 969 cases under Prevention of Money Laundering Act, 2002 (PMLA) and 7507 cases under Foreign Exchange Management Act, 1999 (FEMA). During investigations, appropriate steps including issuance of summons to various entities/persons involved in the case are taken to gather evidence related to the case.

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(b) The year-wise details of amount of penalties imposed and confiscated under FEMA, amount of attachment orders issued and amount of confiscated properties under PMLA during the last three years are as under:-

Year FEMA PMLA
Penalty imposed (Rs. in Crores) Amount of confiscation (Rs. In Crores) Value of properties Provisionally attached (Rs. in Crores) Amount of properties confiscated (Rs. in Crores)
2017-18 179 11.49 7432 0.0085
2018-19 1907 3.45 15490 3.92
2019-20 (till 31.10.2019) 327 7.04 22315 0.52

(c) At present, investigations under PMLA and FEMA are underway in a number of cases relating to financial crimes. The disclosure of details of these cases at this juncture may not be in larger public interest as the same may hamper the ongoing investigations.


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