Lok Sabha Question No. 4809 (UNSTARRED), answered on 2020-03-23
Subject: Violation of PMLA and FEMA
Ministry: FINANCE
Asked by: Pradyut Bordoloi

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION NO.4809

TO BE ANSWERED ON MONDAY, THE 23 RD  MARCH, 2020

CHAITRA 03, 1941-42 (SAKA)

## Violation of PMLA and FEMA

## 4809.  SHRI PRADYUT BORDOLOI:

Will the Minister of FINANCE be pleased to state:

- (a) the details and the number of persons or entities summoned and/or investigated for violating the Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA) during the last three years, year-wise and Act-wise;
- (b) the details of the value of financial crimes suspected and/or reported, penalties imposed, the value of attachment and property confiscated as proceeds of crime during the said period, year-wise; and
- (c) the details of all cases investigated, especially category of financial crime committed/suspected and the action taken during the said period, year-wise?

## ANSWER

## MINISTER OF STATE IN  THE  MINISTRY OF FINANCE (SHRI ANURAG SINGH THAKUR)

- (a) Number  of  persons  or  entities  summoned  and  /  or  investigated  for  violating  the  Prevention  of  Money  Laundering  Act,  2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA) during last three years, year-wise and act-wise is as under:-
- (b) The  value  of  financial  crimes  suspected  and/or  reported,  penalties  imposed,  the  value  of  attachment  and  property confiscated as proceeds of crime during last three years is as under:-
- (c) Year-wise details of all cases investigated, specifically category of financial crime committed / suspected and the action taken for the last 03 years is as under:-

| Financial Year          |   No. of persons / entities summoned under PMLA |   No. persons / entities summoned under FEMA |
|-------------------------|-------------------------------------------------|----------------------------------------------|
| 2017-18                 |                                            7809 |                                         5251 |
| 2018-19                 |                                            8729 |                                         6497 |
| 2019-20 (up 29.02.2020) |                                            8374 |                                         5359 |

|                            | FEMA                            | FEMA                      | FEMA                           | PMLA                            | PMLA                                                            | PMLA                                            |
|----------------------------|---------------------------------|---------------------------|--------------------------------|---------------------------------|-----------------------------------------------------------------|-------------------------------------------------|
| Financial Year             | No. of investigatio n initiated | Amount of penalty imposed | Amount of Confiscation (Rs. in | No. of investigat ion initiated | Amount Provisional Attachment Orders issued (PAOs) (Rs. Crores) | Amount of properties confiscated (Rs. in lakhs) |
|                            | No. of investigatio n initiated | (Rs. in Crores)           | Crores)                        | No. of investigat ion initiated | Amount Provisional Attachment Orders issued (PAOs) (Rs. Crores) | Amount of properties confiscated (Rs. in lakhs) |
| 2017-18                    | 3607                            | 179                       | 11.49                          | 148                             | 7432                                                            | 0.85                                            |
| 2018-19                    | 2659                            | 1907                      | 3.45                           | 195                             | 15490                                                           | 391.88                                          |
| 2019-20 (till 29.02.202 0) | 3155                            | 577                       | 7.95                           | 234                             | 28519                                                           | 52.7                                            |

|                           | FEMA                            | FEMA                      | FEMA              | PMLA                           | PMLA                                               | PMLA                               |
|---------------------------|---------------------------------|---------------------------|-------------------|--------------------------------|----------------------------------------------------|------------------------------------|
| Financial Year            | No. of investigatio n initiated | Show Cause Notices issued | Cases Adjudicated | No. of investigation initiated | No. of Provisional Attachment Orders issued (PAOs) | No. of Prosecution Complaint filed |
| 2017-18                   | 3607                            | 791                       | 868               | 148                            | 196                                                | 96                                 |
| 2018-19                   | 2659                            | 844                       | 759               | 195                            | 163                                                | 198                                |
| 2019-20 (till 29.02.2020) | 3155                            | 619                       | 495               | 235                            | 143                                                | 47                                 |