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Saturday, April 20, 2024
TopicEnforcement Directorate

Topic: Enforcement Directorate

The Enforcement Directorate (ED) is a central agency working directly under the Ministry of Finance, tasked with investigating and enforcing laws related to financial offenses. Its origin goes back to 1 May, 1956, when an Enforcement Unit was formed in the Department of Economic Affairs for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947. The following year, this Unit was renamed as Enforcement Directorate.

The ED’s mandate encompasses investigating offenses under significant legislative frameworks such as the Prevention of Money Laundering Act (PMLA), the Foreign Exchange Management Act of 1999 (FEMA), and the Fugitive Economic Offenders Act of 2018 (FEOA). The agency investigates individuals and entities involved in financial wrongdoing. This may include tracing illicit funds, seizing assets acquired through illegal means, and prosecuting offenders to ensure accountability and deterrence.

Headquartered in New Delhi, the ED operates through a network of regional offices in Mumbai, Chennai, Chandigarh, Kolkata.

ED questions Kerala ex-MP PK Biju in Karuvannur bank ‘scam’ ahead of polls. CPM says ‘not scared’

Aneesa PA -
Former Alathur MP and CPM’s Kerala state secretariat member P.K. Biju appeared before ED Thursday. Agency has also summoned Thrissur Corporation Councillor P.K. Shajan.

Delhi court directs ED to supply copy of chargesheet to accused in DJB money laundering case

PTI -
The ED has alleged that bribe money generated from corruption in a contract issued by the DJB was ‘passed on’ as election funds to the ruling Aam Aadmi Party in Delhi.

How guava ‘orchard owners’ & Punjab officials ‘siphoned off Rs 147 crore’ in compensation

Chitleen K Sethi -
From showing inflated number of trees to leaking information about land acquisition, accused used all tactics to extract as much as compensation that could be drawn from govt.

‘Even God will not forgive BJP,’ says Atishi, claims Arvind Kejriwal lost 4.5 kg since arrest

ANI -
AAP sources said since his arrest, Kejriwal’s doctors have expressed concern over his rapidly decreasing weight. The court has permitted him to carry his diabetes medications.

ED reply to Kejriwal plea against arrest: ‘Didn’t oppose remand, can’t disregard approver at probe stage’

Mayank Kumar -
Delhi CM's writ petition to be heard in Delhi High Court today. In counter-affidavit, ED reiterated that Kejriwal is 'kingpin and key conspirator' in excise policy scam case.

Apple refuses ED’s ‘informal’ request to unlock Kejriwal’s iPhone

Ananya Bhardwaj -
ED did not make written request. This is not first time Apple has denied such a request from agency, it is learnt.

Kolkata Police closed 2 cases against Future Gaming around the time it donated to TMC via poll bonds

Sreyashi Dey -
In both cases, lodged in 2019, lottery users accused the firm of misappropriating funds. Police filed closure reports in both even as ED was conducting a money-laundering probe.

Section 45 of PMLA — crux of Sanjay Singh’s bail in excise case as ED says no objection

Apoorva Mandhani -
Bail is granted under 2 pre-conditions. There should be prima facie satisfaction that accused has not committed offence & is not likely to commit any offence when out on bail.

Kejriwal ‘evasive’ on accused Vijay Nair, said he reported to Atishi & Saurabh Bhardwaj, ED tells court

Mayank Kumar -
Agency said Delhi CM was not answering questions, questioning authenticity of digital evidence, not sharing passwords of his devices. Kejriwal sent to judicial custody till 15 April.

Kejriwal sent to judicial custody till 15 April after ED tells court he was ‘totally uncooperative’

ThePrint Team -
The Delhi chief minister was arrested on 21 March in a money-laundering case tied to the scrapped excise policy of 2021-22. 
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