As ED Raids See 27-Fold Spike, Rs 1 Lakh Cr Seized; Here’s What Probe Agency Does with Attached Money

The Enforcement Directorate has been in the news recently for a series of raids involving businessmen, political leaders and bureaucrats. The federal agency on Saturday seized Rs 17 crore from a Kolkata-based businessman for Mobile Gaming Application fraud. Recently, former Bengal minister Partha Chatterjee's aide Arpita Mukherjee was raided by the ED and nearly Rs 27 crore in cash and gold. Earlier in May, it also seized around Rs 20 crore in cash in raids carried out at multiple locations including IAS officer Pooja Singhal in connection with the Jharkhand MGNREGA funds fraud case and mining scam. From 2014 to 2022, the raids conducted by the ED have seen around 27-fold spike to 3,010 in comparison with 112 searches between 2004 and 2014. As per 31 March 2022, the ED has the custody of assets worth over Rs 1 lakh crore, linked to cases under investigation by the agency. Of these, over Rs 57,000 crore are related to bank frauds and ponzi scam cases. According to the ED website accessed on 11 September, 5,422 cases were registered under PMLA in 17 years. However, the conviction rate was very low as only 25 persons have been proved guilty. Where does the… Read full this story

• ED seizes Rs 103 cr assets in 'bike bot' ponzi scheme
• ED attaches Rs 2,800 cr assets of Rana Kapoor, Wadhawan brothers
• Assets worth Rs 329.66 cr of fugitive accused Nirav Modi confiscated
• ED attaches assets worth Rs 2,600 cr in YES Bank money laundering case
• ED questions Ahmed Patel at his residence
• Congress leader Ahmed Patel grilled by ED for over 8 hours
• ED questions Congress leader Ahmed Patel for 4th time in PMLA case
• ICICI Bank-Videocon case: ED grills Chanda Kochhar, husband and Venugopal Dhoot
• ED begins second round of questioning of Ahmed Patel in PMLA case
• Properties worth 2.8k-cr attached in Yes Bank case

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