Investments should not be hurt by probes: Chidambaram to ED

Finance minister P Chidambaram today cautioned the enforcement directorate not to hurt legitimate investments while probing money laundering cases,and to focus on the ones that are important.

Written by PTI | New Delhi | Published:May 2, 2013 12:39 am

Finance minister P Chidambaram today cautioned the enforcement directorate not to hurt legitimate investments while probing money laundering cases,and to focus on the ones that are important.

“We must remember that economic activity must not be hindered by mindless investigation and prosecutions… All legitimate trading and investment activity must be fully respected and protected even while we investigate crimes involving money and laundering of money,” he said while addressing officials of enforcement directorate (ED).

He further said caution was necessary in deciding which cases to prosecute under the money laundering law. “Otherwise,we will be overwhelmed with cases that we would be required to prosecute,” he said.

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