How has the Supreme Court responded to the conviction rate in PMLA cases
Examine the Supreme Court's reaction to the ratio of cases to convictions under PMLA.
The Supreme Court has shown concern over the conviction rate in cases under the Prevention of Money Laundering Act (PMLA) and has taken steps to address the issue:
- The Supreme Court has emphasized the importance of a thorough investigation and gathering of substantial evidence before filing charges under PMLA.
- It has stressed the need for prosecutors to prove the predicate offense, which is vital for securing convictions under the PMLA.
- The Court has underlined the significance of adherence to legal procedures and principles to ensure fair trials and prevent arbitrary use of the law.
- Efforts have been made to streamline the enforcement and adjudication processes to expedite PMLA cases and improve the conviction rate.
- The Supreme Court has called for consistent interpretation and application of the PMLA provisions by lower courts to ensure uniformity and efficacy in combating money laundering.
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9 months ago