'Benchmark for countries': FATF hails India's asset recovery efforts; notes ED's role in returning defrauded funds

‘Benchmark for countries’: FATF hails India’s asset recovery efforts; notes ED’s role in returning defrauded funds

Watchdog FATF hails ED’s asset recovery efforts NEW DELHI: The Financial Action Task Force (FATF) acknowledged India’s efforts in recovering public assets lost to financial crimes, highlighting a money laundering case where land confiscated by the Enforcement Directorate (ED) was identified for the construction of a new airport that would serve the public.The acknowledgment comes…

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Asset seizure before conviction of goons a necessity: UP in SC; justifies anti-gangster act provision, says it stops property transfer | India News

Asset seizure before conviction of goons a necessity: UP in SC; justifies anti-gangster act provision, says it stops property transfer | India News

NEW DELHI: Ahead of Supreme Court testing the validity of provisions of the UP Gangsters and Anti-Social Activities (Prevention) Act and the Rules, the state told the court that attachment of properties of those booked under the law prior to their conviction was a necessity to prevent them from alienating their ill-gotten assets.Petitioner Siraj Ahmed…

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