Solicitor General Tushar Mehta told a three-judge bench led by Justice A M Khanwilkar that 4,700 cases are being investigated by the (ED), and that only 313 people have been arrested for the alleged offences since the enactment of the Act.
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The Centre on Wednesday informed the Supreme Court that banks got back Rs 18,000 crore from absconding businessmen Vijay Mallya, Nirav Modi and Mehul Choksi after proceedings were initiated under the Prevention of Money Laundering Act (PMLA), 2002.