Between 2019 and October 2024, the Enforcement Directorate filed 911 chargesheets under the Prevention of Money Laundering Act, achieving only 42 convictions, indicating a low conviction rate of approximately 4.6%. With 28% of cases still pending trial, concerns of political bias and misuse of the Act have been raised.
![[Maharashtra Bank Scam Closure] Mumbai Police Opposes ED's intervention Plea](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/image-3-5.png?resize=414%2C230&ssl=1)
The Mumbai police opposed the Enforcement Directorate’s intervention plea in the Maharashtra State Cooperative Bank scam closure report, asserting no unfair losses to the bank. The ED, investigating money laundering linked to the scam, argued that the closure report would impact their case. The alleged scam involved thousands of crores and prominent figures.
