Summoning of Arvind Kejriwal by Enforcement Directorate: Understanding the Basic Legal framework of the Prevention of Money Laundering Act, 2002. 15 Frequently Asked Questions Answered.
Neither qualified nor knowledgeable on the subject but I do have a question.
It appears the process from identifying of wrong doing to determination is conducted by IRS ( Department of revenue /Finance) , is it true that it is controlled by the or could receive direction from ruling political or government Ministers ? Or it is as independent as election commision. IRS here didn’t hesitate catching US sitting VP Spiro T Agnew.
Technically, the ED is distinct from the Income Tax Department, although both the agencies fall within the purview of the Department of Revenue, Ministry of Finance.
In theory, the ED is expected to probe money-laundering as a "proceeds of crime".... the agency is independent and the prosecution is before the Judicial Courts.
Neither qualified nor knowledgeable on the subject but I do have a question.
It appears the process from identifying of wrong doing to determination is conducted by IRS ( Department of revenue /Finance) , is it true that it is controlled by the or could receive direction from ruling political or government Ministers ? Or it is as independent as election commision. IRS here didn’t hesitate catching US sitting VP Spiro T Agnew.
Technically, the ED is distinct from the Income Tax Department, although both the agencies fall within the purview of the Department of Revenue, Ministry of Finance.
In theory, the ED is expected to probe money-laundering as a "proceeds of crime".... the agency is independent and the prosecution is before the Judicial Courts.
Thank you
Wish there was a penalty or reprimand to people who publicly term these queries or investigations as politically motivated.
It is an insult to the institution and officers involved.
PMLA well explained and well narrated 👍