1,300 cases filed by ED for money laundering

The Enforcement Directorate (ED) has so far registered 1,300 cases under the Prevention of Money Laundering Act which came into force in 2004, a top official said today. ''The act came into force in 2004 and after amendments we have now registered 1,300 cases in the country'', ED Director Arun Mathur told reporters here on the sidelines of the Asia Pacific Group meeting. In 2004, only 50 cases had been registered under the act. Replying to a question, he said, various cases relating to financial frauds in Kerala including money chain had not been brought to ED''s attention. Stern action would be taken if such frauds were brought to the ED''s notice, he said, adding the directorate was committed to investigate such cases.