Lok Sabha Question No. 1680 (UNSTARRED), answered on 2023-07-31
Subject: Economic Offences
Ministry: FINANCE
Asked by: Balak Nath

## Government of India Ministry of Finance Department of Revenue

## LOK SABHA UN-STARRED QUESTION NO. 1680

TO BE ANSWERED ON MONDAY, JULY 31, 2023 Sravana 9, 1945 (Saka)

## ECONOMIC OFFENCES

## 1680. SHRI BALAK NATH:

Will the Minister of Finance be pleased to state:

- (a) whether the number of cases of economic offences committed by borrowers/companies/firms have increased in the country and if so, the details thereof;
- (b) whether the Central Government has regularly monitored the cases of economic offences committed by fraudsters elements in Rajasthan, and if so, the details thereof; and
- (c) the number of such cases registered by the Central Government in each of the last three years in Rajasthan and the action taken in this regard and details thereof?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a):  The  Enforcement  Directorate  has  recorded  cases  on  the  basis  of  a  risk  based  robust mechanism.  Details  of  cases  taken  up  for  investigation  by  this  Directorate  under  the provisions  of  the  Prevention  of  Money  laundering  Act,  2002  (PMLA)  &  the  Foreign Exchange Management Act, 1999 (FEMA) during the last 03 years are as under.

| S. No.   | Year    |   No. of cases recorded under PMLA. 2002 |   No. of investigations initiated under FEMA, 1999 |
|----------|---------|------------------------------------------|----------------------------------------------------|
| 1.       | 2022-23 |                                      949 |                                               4173 |
| 2.       | 2021-22 |                                     1180 |                                               5313 |
| 3.       | 2020-21 |                                      981 |                                               2747 |
| Total    | Total   |                                     3110 |                                              12233 |

(b) & (c): Yes, the Directorate of Enforcement has regularly monitored economic offences in the  entire  country  including  state  of  Rajasthan.  During  the  last  three  years  in  the  state  of Rajasthan, 99 cases have been recorded under PMLA and proceeds of crime amounting to Rs. 836.23 crore have been attached. Further, proceeds of crime amounting to Rs. 2214.92 crores have  been  confirmed  by  the  Ld.  Adjudicating  Authority  during  the  last  three  years  which includes the proceeds of crimes obtained during under years.

During the last three years in the state of Rajasthan, 1004 cases have been registered under FEMA. Further, 102 Show Cause Notices have been issued and 106 Adjudication orders have been passed in the state.

Furthermore  Registrar  of  Companies,  Jaipur  has  filed  following  number  of  cases  under various provisions of the Companies Act, 1956/2013 during last 03 Financial Years:

| Financial Year                              |   Number of cases |
|---------------------------------------------|-------------------|
| 2020-21                                     |                59 |
| 2021-22                                     |                62 |
| 2022-23                                     |                09 |
| Current years i.e. 01.04.2023 to 26.07.2023 |                08 |