ED's scope of probe under PMLA increased 2.5 times in six years

No of searches conducted by the govt agency under the Act went up from 226 in 2016-17 to 572 in 2021-22

On Monday, Enforcement Directorate (ED) attached assets worth Rs 757.8 crore of Amway India Enterprises in connection with an alleged marketing scam. It claimed that Amway was running a multi-level marketing scam.
 

The ED provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway.
 

Data from the Department of Economic Affairs shows that in 2021-22 (until December 2021), ED had provisionally attached Rs 8,989.3 crore worth of assets. The adjudicating authority confirmed nearly two-thirds of it or Rs 5,779.1 crore.
 

“After the provisional attachment is confirmed