Money laundering in India is a very complex process, and it is very difficult for the investigating agencies to trace the funds concealed from the income tax acts, and these funds are invested in stock markets or other business ventures. In India the laws states that anyone makes a gain of Rs. 30 lakhs or above by violating acts like SEBI act, Prevention of Corruption Act, Income Tax Act, it will be considered a case of money laundering. Lately even money from money laundering is used for terrorist activities in India, to destabilize our economy.
The figures of money laundering in India are alarming. A recent survey revealed that there were in all 1,437 cases of money laundering registered in India. That’s not all, the total number of cases where attachment of property is ordered is [...]