Supreme Court Slams ED’s Low Conviction Rate, Raises Crypto Concerns

The Supreme Court on Thursday, August 7, 2025, sharply criticised the Enforcement Directorate (ED) over its low conviction rate and questionable investigative practices. The judges expressed serious concern about the agency’s conduct, urging it to strictly adhere to the rule of law in all its actions.

The bench highlighted the urgent need for establishing dedicated Prevention of Money Laundering Act (PMLA) courts to expedite cases and ensure a more efficient justice system. The court also questioned the ED’s public image, suggesting a need for improved transparency and accountability.

During the hearing, the ED defended its actions, attributing the low conviction rate to delaying tactics employed by the accused. However, the court remained unconvinced, emphasizing the importance of robust evidence and due process.

The ongoing debate also touched upon the crucial issue of cryptocurrency regulation in India. The court’s observations underscore the need for a clear regulatory framework to address the challenges posed by this emerging technology.

This landmark judgment carries significant implications for India’s fight against financial crime and highlights the crucial role of an independent judiciary in upholding the principles of justice and fairness. The nation now awaits concrete steps from the government and the ED to address the court’s concerns and improve the effectiveness of anti-money laundering efforts.