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Tuesday, May 14, 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 raids multiple places linked to UP’s mafia-turned-politician Mukhtar Ansari

PTI -
A five-time former MLA of the BSP, Ansari is held by the ED for money laundering including 49 other charges of land grabbing, murder, and extortion.

Govt tells agencies to coordinate crackdown on Chinese firms as it has ‘security concerns’ too

+TFP Shubham Batra -
Some firms registered in India but 'taking instructions from China' said to have data saved in cloud servers, where information on Indian entities’ accounts is shared with Chinese parent firms.

ED accuses actress Jacqueline Fernandez of laundering money in Sukesh Chandrasekhar fraud case

ThePrint Team -
The probe agency had earlier said the conman gave expensive gifts to the actress from the swindled money – amounting to Rs 5.71 crore.

‘Why can’t ED question someone if it has doubts’: Kerala HC asks CPM leader Thomas Isaac

PTI -
Taking note of Isaac's contentions, the court told the probe agency that privacy of an individual cannot be 'violated' and asked on what basis it was asking for his personal details.

CBI makes first arrests in West Bengal teacher recruitment scam, 2 senior officials in custody

Sreyashi Dey -
The Enforcement Directorate has also arrested former Trinamool Congress leader Partha Chatterjee, who was Education Minister when the ‘cash-for-jobs’ recruitments took place.

‘ED may raid, but can’t defend cases’ — Urdu press flags agency’s ‘poor conviction rates’

Abantika Ghosh -
ThePrint’s round-up of how the Urdu media covered various news events through the week, and the editorial positions some of them took.

ED raids premises of director of crypto firm WazirX, freezes Rs 64.67 crore bank balance

ANI -
A search operation was conducted under the Prevention of Money Laundering Act because of the non-cooperative stand of Sameer Mhatre, director of WazirX exchange, officers said.

Sanjay Raut’s wife summoned by ED for questioning in Patra Chawl case

PTI -
Varsha Raut is expected to be confronted with her husband & other accused involved. ED earlier told the court Raut & family received "proceeds of crime" worth over Rs 1 crore.

ED kept me in a room without window and ventilation, Shiv Sena MP Sanjay Raut tells court

PTI -
The public prosecutor, who appeared on behalf of the ED, said Raut was kept in a windowless room since there was an AC. The special court also extended Raut’s ED custody till 8 August

National Herald — 80-yr journey of paper at centre of ED-Congress row started with freedom battle

Amogh Rohmetra -
From being part of the freedom struggle, the daily became known as Indira Gandhi's mouthpiece. It's now in news for the case against it, especially after ED lens on Rahul, Sonia.
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