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.
Please also give a detailed report as to how the politicians family members become so good in business when the politicians come into power ?
You are also guilty of not highlighting these things when it mattered, I. e on the eve of election. Now that the damage is minimal, you do feign waking upto the daylight after it is too late.
One should thank Indira Gandhi for setting this trend – of using government agencies to intimidate the opposition party members and leaders. BJP has perfected the technique.
You have not mentioned the Damad of Congress against whom “investigation” has been going for last seven years. To the best of my knowledge, no prosecution has been commenced against. This is also the situation in most of the investigations commenced under the present government. Raid, search, seize, make press statements, issue summons – this seems to be the modus operandi of this government. After seven years, we are yet to see any corrupt Babu or businessman, or scamster get convicted.