<p> The Enforcement Directorate (ED) arrested 374 people, including directors of corporate firms, in the last five years under the anti-money laundering law, the government informed Parliament on Monday.</p>.<p>Minister of State for Finance Pankaj Chaudhary, in a written reply to a question in the Lok Sabha, said that in major cases of "corporate fraud" like those against the Sterling Biotech group, a Vadodara-based company promoted by the Sandesara brothers, Vijay Mallya, Nirav Modi and Mehul Choksi, the ED has attached properties worth Rs 33,862.20 crore.</p>.<p>The ED is a federal probe agency entrusted to implement the criminal sections of the Prevention of Money Laundering Act (PMLA).</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/west/ed-arrests-two-of-its-own-employees-for-bribery-in-pmla-case-1203257.html" target="_blank">ED arrests two of its own employees for bribery in PMLA case</a></strong><br /><br />"Out of these, assets worth Rs 15,113.02 crore have been confiscated and restituted to the public sector banks."</p>.<p>"Further, the consortium of banks led by SBI has realised Rs 7,975.27 crore by sale of assets handed over to them by the Directorate of Enforcement," the minister stated.</p>.<p>He was responding to a question on the action taken to prevent money laundering by corporates.</p>.<p>The minister said that 374 persons were arrested by the ED in the last five years -- between April 1, 2018 and February 28, 2023 -- which includes "a number of directors of corporates involved in money laundering."</p>.<p>"No separate data related to corporate fraud is being maintained because PMLA cases generally involve several other offences also," he said.</p>
<p> The Enforcement Directorate (ED) arrested 374 people, including directors of corporate firms, in the last five years under the anti-money laundering law, the government informed Parliament on Monday.</p>.<p>Minister of State for Finance Pankaj Chaudhary, in a written reply to a question in the Lok Sabha, said that in major cases of "corporate fraud" like those against the Sterling Biotech group, a Vadodara-based company promoted by the Sandesara brothers, Vijay Mallya, Nirav Modi and Mehul Choksi, the ED has attached properties worth Rs 33,862.20 crore.</p>.<p>The ED is a federal probe agency entrusted to implement the criminal sections of the Prevention of Money Laundering Act (PMLA).</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/west/ed-arrests-two-of-its-own-employees-for-bribery-in-pmla-case-1203257.html" target="_blank">ED arrests two of its own employees for bribery in PMLA case</a></strong><br /><br />"Out of these, assets worth Rs 15,113.02 crore have been confiscated and restituted to the public sector banks."</p>.<p>"Further, the consortium of banks led by SBI has realised Rs 7,975.27 crore by sale of assets handed over to them by the Directorate of Enforcement," the minister stated.</p>.<p>He was responding to a question on the action taken to prevent money laundering by corporates.</p>.<p>The minister said that 374 persons were arrested by the ED in the last five years -- between April 1, 2018 and February 28, 2023 -- which includes "a number of directors of corporates involved in money laundering."</p>.<p>"No separate data related to corporate fraud is being maintained because PMLA cases generally involve several other offences also," he said.</p>