ED to Fast-Track Trials After New PMLA Courts Notified
In Goa, an exclusive special court to initiate trials under the Prevention of Money Laundering Act (PMLA) has been notified in North Goa; previously, the state had only a single PMLA court.
New Delhi: The Enforcement Directorate (ED) on Sunday announced that it will “significantly accelerate” money-laundering trials following the recent notification of special PMLA courts in several states. “In Telangana, a total of 16 special courts have now been notified, including two for Visakhapatnam. In Rajasthan, the number of such courts has been increased from one (previously only at Jaipur) to five, including one in Jodhpur,” the anti-money-laundering agency said in a statement.
In Goa, an exclusive special court to initiate trials under the Prevention of Money Laundering Act (PMLA) has been notified in North Goa; previously, the state had only a single PMLA court.
The ED explained that these courts were established in jurisdictions where the existing judicial forums were “inadequate,” leading to “delays” in trial proceedings.
“With the addition of these special courts, the Directorate will be able to significantly accelerate trial proceedings in PMLA cases,” the agency said. “This initiative is also expected to address the concerns of the constitutional courts regarding delays in money-laundering trials.”