NEW DELHI, May 2 -- Arrests effected by the ED in money laundering cases have reduced by about 27 per cent during the last financial year, but the value of attached assets recorded an all-time high at over 81,000 crore for the period, official data stated.
Searches or raids conducted by the central agency under the stringent provisions of the Prevention of Money Laundering Act (PMLA) almost doubled to 2,892 during the 2025-26 fiscal that ended on March 31.
The Enforcement Directorate (ED) has sweeping powers under the PMLA in connection with the definition of the proceeds of crime, power of arrest, search and seizure and attachment of properties. The provisions of the Act also make securing bail extremely difficult because the court must ...