New Delhi, Sept. 4 -- The Enforcement Directorate (ED) on Friday said it has secured the conviction of two persons in a money laundering case arising out of drug trafficking involving 1.230 kg of cocaine in Punjab-- a significant achievement in the agency's efforts to disrupt the financial ecosystem supporting the menace of contraband trafficking.

A special Prevention of Money Laundering Act (PMLA) court in Punjab's SAS Nagar (Mohali) on September 3 convicted Dara Singh and Gurdarshan Singh for the offence of money laundering under Section 3, punishable under Section 4 (outlines penalties for those convicted) of the PMLA, 2002, and sentenced them to rigorous imprisonment for three years each along with a fine of Rs 5,000 each.

ED's Chan...