Gautam Adani-led group overtakes Tatas to become India's ‘most valued conglomerate’; Ambani's group stands 3rd

New Delhi: Searches conducted by the Enforcement Directorate (ED) under the anti-money laundering law rose by 86 times while arrests and attachment of assets jumped by around 25 times in the ten years since 2014 compared to the preceding nine-year period, according to official data.

An analysis of the data by PTI for the last ten years, between April 2014 and March 2024, against the nine years from July 2005 to March 2014 presents a picture of the federal agency's "intensified" action under various sections of the Prevention of Money Laundering Act (PMLA).

The PMLA was enacted in 2002 and implemented from July 1, 2005, to check serious crimes of tax evasion, generation of black money and money laundering.

While the opposition parties have alleged that the ED's action during the last decade was part of the BJP-led central government's "oppressive" tactics against its rivals and others, the Union government and the ruling party have asserted that the agency is independent and its investigations were purely based on merit and under the mandate to act against the corrupt.

The ED booked as many as 5,155 PMLA cases during the last ten years as compared to a total of 1,797 complaints or Enforcement Case Information Reports (ECIRs or FIRs) filed during the preceding period (2005-14), a jump of about three times, the data said.

The data shows that the agency also got its first conviction starting the 2014 fiscal and it has, till now, got 63 persons punished under the anti-money laundering law.

The ED conducted 7,264 searches or raids in money laundering cases across the country during the 2014-2024 period as compared to just 84 in the preceding period - a jump of 86 times.

It also arrested a total of 755 people during the last decade and attached assets worth Rs 1,21,618 crore as compared to 29 arrests and Rs 5,086.43 crore worth of attachments respectively during the last compared period, the data stated.

The arrests are 26 times more, while figures related to the attachment of properties are 24 times higher.

The agency issued 1,971 provisional attachment orders for various types of immovable and movable assets during the last decade as compared to 311 such orders taken out in the preceding comparable period.

It got about 84 per cent of the attachment orders confirmed from the Adjudicating Authority of the PMLA during 2014-24 as compared to 68 per cent confirmations from the same authority during the last compared period.

The filing of charge sheets also saw a jump of 12 times in the last decade with 1,281 prosecution complaints filed by it before courts as against 102 during the preceding period.

The data said the ED secured conviction orders in 36 cases from various courts leading to the prosecution of 63 persons and a total of 73 charge sheets were disposed of during the last decade.

No conviction was obtained by the agency nor any charge sheet was disposed of under the anti-money laundering law during the 2005-14 period, according to the statistics.

The agency also got the court's permission to confiscate assets (attached as proceeds of crime under the PMLA) worth Rs 15,710.96 crore and it also restituted properties (including bank funds) of Rs 16,404.19 crore (out of the total amount under confiscation) during the last decade.

As there were no convictions during the preceding nine-year period, no confiscation of assets and resultant restitution could take place, as per the data.

The ED is also empowered to seize cash under the PMLA and the data said the agency froze more than Rs 2,310 crore worth of Indian and foreign currency during the last ten years as compared to a figure of Rs 43 lakh during the preceding period.

The agency also got notified a total of 24 Interpol red notices for apprehension of various accused who left India and hid in foreign shores and sent 43 extradition requests during 2014-24.

No such action was taken by the agency during the preceding period.

Four persons were extradited to India during the last ten-year time period while similar orders were secured against businessmen Vijay Mallya, Nirav Modi and Sanjay Bhandari. The three are based in the UK and the ED is trying to bring them back to the country as all the accused are contesting the orders issued against them.

"These statistics reflect the intensive drive that the ED has undertaken to check money laundering crimes," an agency official said.

The ED investigates financial crimes under two criminal laws -- the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act (FEOA) -- apart from the civil provisions of the Foreign Exchange Management Act (FEMA).

The FEOA was enacted by the Narendra Modi government in 2018 to cripple those who are charged with high-value economic frauds and abscond from the country to evade the law.

The ED, as per the data, filed a total of 19 such applications before the designated special PMLA courts in the country following which 12 persons have been declared fugitive economic offenders.

It also confiscated assets worth Rs 906 crore under the said law by the end of the last fiscal on March 31.

Dubai: Dubai was slapped by heavy floods as the United Arab Emirates (UAE) was hit by extremely heavy rains on Tuesday. The desert city received over a year and a half's worth of rain in just a day even as heavy thunderstorms lashed other parts of the UAE.

Roads turned into rivers as they were filled up with water. Shopping centres like Dubai Mall and Mall of the Emirates were also seen flooding.

Schools across the UAE have been shut and are expected to remain closed on today as well.

According to a report by India Today, Dubai airport received about 100 mm of rain in just 12 hours on Tuesday and a total of 160 mm in the last 24 hours.

On average, Dubai receives about 88.9 mm of rain in a year, which concludes that the city received more than a year's rain in a day.

Dubai International Airport said on Wednesday it was experiencing significant disruption due to bad weather and was working to restore normal operations as quickly as possible.

Flights have been delayed or diverted and impacted by displaced crew, the airport said in a statement, adding that recovery would take some time.

Dubai's Emirates airline said that it was suspending check-in for passengers departing the airport from 8 am (0400 GMT) on Wednesday until midnight due to operational challenges caused by the bad weather and road conditions.

Dubai International was temporarily diverting arriving flights on Tuesday evening because of a storm, and operations were suspended for 25 minutes earlier in the day.

According to India Today, the airport stopped flight operations and issued a warning earlier today on X.

The Dubai International Airport requested the passengers to check their flight status.

Employees in Dubai have been told to work from home.

The UAE Government took to X and said, "Based on the directives of the Council of Ministers, it was decided to extend remote work until tomorrow, Wednesday, April 17, for all federal government employees, with the exception of jobs that require presence at the workplace, taking into account the weather condition that the country is going through."

Bengaluru: A striking feature in the candidates list for the April 26 Lok Sabha elections in Karnataka is the presence of members of Janata Dal (Secular)'s first family.

Former Prime Minister and JD(S) patriarch H D Deve Gowda's son H D Kumaraswamy, son-in-law C N Manjunath and grandson Prajwal Revanna are all in the fray.

While state JD(S) chief and former Chief Minister H D Kumararaswamy is contesting from Mandya, Prajwal Revanna is seeking reelection from Hassan.

However, Manjunath, an eminent cardiologist, is contesting from Bangalore Rural on a BJP ticket, as per the arrangement between the alliance partners.

With the entry of cardiologist Manjunath into the poll arena, at least nine members of Gowda's immediate family are or have been in electoral politics.

Gowda is a Member of Rajya Sabha from Karnataka, while Kumaraswamy is an MLA from Channapatna, which comes under the Bangalore Rural Lok Sabha constituency.

Kumaraswamy's wife Anitha had represented Ramanagara as MLA in the previous assembly, and Nikhil, who is the JD(S) youth wing leader, had unsuccessfully contested the 2019 Lok Sabha polls from Mandya and 2023 assembly polls from Ramanagara.

Gowda's elder son and former Minister H D Revanna -- father of Prajwal -- is MLA from Holenarsipura, his wife Bhavani Revanna was a member of the Hassan Zilla Panchayat. Their other son, Suraj, is an MLC.

The Gowda family currently has its representation in all the four major houses of public representatives- Lok Sabha, Rajya Sabha, Legislative Assembly and Legislative Council.

This will be for the second consecutive time in the Lok Sabha elections, when three members from Gowda's family are in the fray from constituencies of the old-Mysore region (south Karnataka), which is considered to be the party's stronghold, because of the dominance of the Vokkaliga community here, to which they belong to.

Gowda (Tumkur), Prajwal Revanna (Hassan), and Kumaraswamy's son Nikhil (Mandya) had contested the Lok Sabha poll in 2019, but only Revanna emerged victorious. In fact, he was among the only two candidates from the then ruling Congress-JD(S) alliance, who won; the other being D K Suresh of Congress from Bangalore Rural.

As part of the seat-sharing deal in this Lok Sabha polls in Karnataka, the BJP would contest in 25 constituencies and the JD(S) in the remaining three -- Mandya, Hassan and Kolar. JD(S) has fielded M Mallesh Babu from Kolar.

In the 2023 assembly polls, three members of the Gowda family had contested - Kumaraswamy (Channapatna), H D Revanna (Holenarasipur), and Nikhil Kumaraswamy (Ramanagara). In the 2018 assembly polls, both Kumaraswamy and Revanna had won.

Kumaraswamy, who had then won from two seats - Ramanagara and Channapatna - vacated Ramanagara, which his wife Anita Kumaraswamy subsequently won in the bypolls.

According to some political observers, the perception in some quarters about JD(S) being too family-centric is one of its major drawbacks.

James Manor, University of London professor, who has been a keen observer of Karnataka's politics, during a webinar ahead of assembly polls last year had said, family-centred politics is causing discontent and leading to desertion. 'JD(S) suffers from over-centralisation and dictatorial leadership.'

However, Kumaraswamy has time and again defended family members contesting polls stating that , '....our family members will contest where we don't have a capable candidate, to protect the interest of our party and its workers.'

However, the JD(S)'s dynastic party image has always been used by its political opponents to target it.

Karnataka Deputy Chief Minister and state Congress president D K Shivakumar, had a dig at Gowda for fielding his son, grandson, and son-in-law, and asked 'Were there no other candidates (in JD(S))?'

'None of them is going to win...JD(S) is a party that has lost strength. If it is really strong, why did they make their son-in-law contest on a BJP ticket?' he said.

Some political analysts held the view that JD(S)' inability to grow beyond the Vokkaliga dominated old-Mysore region -- other than certain select pockets of north Karnataka -- is seen as among its other key drawbacks.

Speculations are already rife in JD(S) circles that Nikhil is most likely to be the party candidate from Channaptna assembly segment, in case Kumaraswamy wins in Mandya.

Ahead of assembly polls last year, differences in the Gowda family had come out in the open with H D Revanna's wife Bhavani wanting to contest from Hassan, but Kumaraswamy had opposed it and finally gave the ticket.