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New Delhi, July 25
A Pakistani militant has been sentenced to seven years in jail by a Karnataka court in a money laundering case, the Enforcement Directorate said on Tuesday.
The militant has been identified as Mohammed Koya.
This is the third conviction under the Prevention of Money Laundering Act (PMLA) in the country.
The PMLA was enacted in 2002 and implemented from 2005 in order to check serious crimes of tax evasion, generation of black money and money laundering.
The first conviction under the PMLA in the country had come in January when a Ranchi court convicted former Jharkhand Minister Hari Narayan Rai and sentenced him to seven years rigorous imprisonment and also imposed a fine of Rs 5 lakh.
In March, another person, Alauddin, was convicted under money laundering charges related to illegal possession of narcotic drugs by a Kolkata court.
The stringent anti-money laundering law allows a maximum of seven years of imprisonment. PTI
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