Prosecution of people accused of Benami transaction is pending because of not setting up of special courts under the Benami Transactions (Prohibition) Act.
About:
Benami means a property without any name. It is the kind of transaction where the person who pays for the property does not buy it under his/her own name. Rather it is generally purchased in the name of spouse or child.
It is a common method for generating Black Money.
To cub it, Benami Property Transactions Act 1988 was enacted which was further strengthened by amending through the Benami Transactions (Prohibition) Amended Act, 2016.
Salient features:
The amended law empowers the specified authorities to provisionally attach benami properties which can eventually be confiscated.
Besides, a person found guilty of offence of benami transaction shall be punishable with rigorous imprisonment for 1-7 years along with payment of fine.
Central government, in consultation with the Chief Justice of the respective High Courts, will establish special courts for speedy completion of Trials within six months.
However, the required special courts have not been set up yet.
Therefore, despite the investigation being completed in almost 100 cases, prosecution of accused persons has not started.
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