PMLA stands for the Prevention of Money Laundering Act. It is an Indian law enacted in 2002. The act aims to combat money laundering and related offences. It establishes procedures for the investigation and prosecution of such crimes. PMLA also mandates reporting requirements for financial institutions. It plays a crucial role in safeguarding the economy and promoting transparency.
The Enforcement Directorate (ED) provisionally attached assets worth Rs 3,034.90 crore on 28 April 2026 in the Reliance Communications Ltd. (RCOM) bank fraud case. The total value of...
