ED attaches proceeds of crime worth Rs 4,189 cr
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New Delhi: The Enforcement Directorate (ED) has investigated several crypto-related cases under the Prevention of Money Laundering (PMLA), attaching, seizing and freezing proceeds of crime worth Rs4,189.89 crore, arresting 29 people, and filing 22 prosecution complaints, while one accused has been declared a fugitive economic offender, the Parliament was informed on Monday.
The government has brought virtual digital assets (VDAs) under the PMLA 2002, making virtual asset service providers (VASPs) reporting entities and required to submit specified and suspi-cious transaction reports to FIU-IND. These reports are analysed and shared with law enforcement agencies for further action, Union Minister of State for Finance, Pankaj Chaudhary, informed the Lok Sabha
“One accused has been declared a Fugitive Economic Offender. The Prohibition of Benami Property Transactions Act, 1988, and the Black Money (Undisclosed Foreign Income and As-sets) and Imposition of Tax Act, 2015, apply to all assets, including VDAs,” the minister added.
