Now Reading: Centre appoints ex-ED officer to PMLA adjudicating body
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Centre appoints ex-ED officer to PMLA adjudicating body
The central government has appointed Naveen Kumar B, retired Additional Director (Prosecution) of the Enforcement Directorate, as Member (Law) of the Adjudicating Authority under the Prevention of Money Laundering Act. The President…
The Story in Brief
The central government has appointed Naveen Kumar B, retired Additional Director (Prosecution) of the Enforcement Directorate, as Member (Law) of the Adjudicating Authority under the Prevention of Money Laundering Act. The President of India approved the appointment through an August 11 office order from the finance ministry's revenue department.
Naveen Kumar B will serve at Level 14 of the pay matrix for five years from the date of assuming charge. His term will end earliest on his 65th birthday or by further government orders. The notification was issued by under secretary Jatin Kumar.
The Indian Opinion
The appointment of a former Enforcement Directorate officer as a PMLA adjudicating member may reinforce concerns that the system lacks independent checks. Critics call it the same agency judging its own cases; supporters see it as domain expertise. The real test will be whether this bench, whose rulings can be challenged before the appellate tribunal, shows measurable impartiality in the first three months of its tenure.
Source: livelaw.in
This story was synthesised by AI from the source linked above.
