The Untold Story of India’s Battle Against Dirty Cash


by Vaishali Yadav.
Money laundering means hiding illegal money and showing it as if it is legal money. This black money often comes from crimes like smuggling, cheating, bribing, or not paying taxes. Even if it happens secretly, its bad effects are seen everywhere in the country, especially in the economy and legal system.

Money laundering originated approximately one hundred years ago. One of the most famous people linked to this is Al Capone, an American criminal. He mixed legal and illegal money in laundromats, which are stores where clothes are washed. This is how the term "money laundering" came to be. To conceal black money, criminals now employ novel strategies such as phony businesses, real estate, and even online currency. In India, money laundering is a major problem. People who don't pay their taxes cause the government to lose money when black money enters businesses & banks. This also causes house prices to go up, so poor and middle-class people cannot afford homes. Even worse, some of this black money is used to commit crimes like drug trafficking, terrorism, and corruption. In 2002, the Prevention of Money Laundering Act (PMLA) was enacted by the Indian government to put an end to this practice. A department called the Enforcement Directorate (ED) checks and investigates these cases. India has seen big cases like Vijay Mallya and Nirav Modi, where lots of money was sent out of the country in illegal ways. The government is also trying to stop black money by using online payments and by reducing cash use, like what happened during demonetization.

Laundering money harms the nation as a whole, not just the money involved. Because honest people suffer and criminals benefit, it makes life unfair. We need strong laws & public awareness to stop this. Only then can we stop black money and build a clean and fair India.

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