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New Delhi: On Tuesday, The Enforcement Directorate (ED) today raided the premises of Congress MLA Pradeep Yadav and his associates in Jharkhand. The raids were conducted at four places in Ranchi and eight places in Deoghar.
ED raids 12 locations of Congress MLA Pradeep Yadav and his associates. Along with this, many places were raided in the surrounding areas of these cities. The ED has taken this action under the Prevention of Money Laundering Act (PMLA).
The Income Tax case against the Congress MLA is under investigation. A few months ago the Income Tax Department had also raided Pradeep Yadav premises and registered an FIR. Now ED is taking this action under Prevention of Money Laundering Act.
The Prevention of Money Laundering Act (PMLA) was passed in the year 2002 and was implemented in 2005. The objective of this law is to curb the process of money laundering. The purpose of this law is to prevent money laundering, use of black money in illegal activities and economic crimes.
