Wednesday, August 3, 2022

Demand for review of constitutional validity of 'PMLA'; Joint statement of 17 opposition parties

New Delhi : The Supreme Court recently delivered a judgment upholding the constitutional validity of the Prevention of Money Laundering Act (PMLA). However, strongly opposing this decision, 17 opposition parties have expressed the opinion that this decision is dangerous. The parties have also demanded that the court should review this decision.

17 parties including Shiv Sena, Nationalist Congress Party have issued a joint statement to oppose this Act. The Supreme Court’s verdict will further strengthen the hands of a politically vindictive government and target the opposition in a false and misleading manner. The statement expressed the hope that this dangerous outcome would be short-lived.

“We express our deep apprehension about the long-term implications of the Supreme Court’s judgment upholding the amendments to the Prevention of Money Laundering Act-2002. This law needs some amendment. Some of the amendments could have been implemented by way of Finance Act. “It is wrong to implement this law without checking it,” the statement said.

Shiv Sena, Signatures of Nationalist Leaders

Along with Congress, Shiv Sena, Trinamool Congress, Nationalist Congress Party, DMK, Aam Aadmi Party, Samajwadi Party, CPI, CPI, Rashtriya Janata Dal, Rashtriya Lok Dal have signed this statement. The Supreme Court last week upheld the powers of the Enforcement Directorate (ED) under the Act. As many as 250 petitions were challenged against the ED’s powers.

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