Enforcement Directorate & PMLA | How Congress & BJP shaped a deadly tool | Akash Banerjee

Over the last 17yrs - the Enforcement Directorate filed Over 5,400 Money Laundering cases under PMLA Act. It secured only 23 convictions in court - that's less than a 0.5% conviction rate!!! The rise of ED to a super CBI is fascinating. Politicised by the congress - Weaponised by the BJP.

Prevention of Money Laundering Act - A law that was brought in to hack illegal drug trafficking, money laundering & to put a stop to legitimising Black Money has gradually moved on from being a law to a political tool in the hands of the ruling government…be it Congress who politicised it - to BJP that weaponised it.

A brilliant article in Scroll - https://scroll.in/article/1027571/how... - highlights how in the ED has become a force to reckon with & a weapon to intimidate the opposition by the party in power - be in Congress or the BJP.

Do watch the episode to understand how powerful ED has become after the 2019 amendment & to understand if the PMLA stands constitutionally correct ?

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Chapter Heads :

00:00 - ED a political tool ?
02:40 - Maha-politics & role of ED
04:04 - What is money laundering Act?
05:08 - From Drugs to Politics
07:39 - A political witch-hunt?
09:36 - How Congress weaponised ED
11:01 - How BJP added a nuclear tip
11:51 - IS PMLA constitutional?

Credits :
Writer : Akash
Editor : Shivam
Producer: Avishrant

Resources :

https://scroll.in/article/1027571/how...

https://indianexpress.com/article/ind...

https://www.indiatoday.in/india/story...

#maharashtrapoliticalcrisis #devendrafadnavis #enforcementdirectorate