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Monday, May 6, 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.

Justice Ritu Raj Awasthi sworn in as new judicial member of Lokpal of India

ThePrint Team -
Justice Awasthi, was earlier the Chairperson of the Law Commission of India and the Chief Justice of Karnataka High Court before joining Lokpal of India.

ED raids residences of ‘kingpin’, 2 IAS officers in Punjab multi-crore guava ‘scam’

Chitleen K Sethi -
Houses of Punjab excise commissioner Varun Roojam, Firozepur deputy commissioner Rajesh Dhiman & alleged kingpin Bhupinder Singh were among those searched. Dhiman was detained.

5-min phone calls, lack of secrecy — challenges Kejriwal will face if he rules Delhi from prison

Bismee Taskin -
Inmates are allowed interviews with family, friends & legal advisers only twice a week, but can approach court for more. Meetings among top officials for security arrangements ongoing.

ED attaches assets worth Rs 124 cr linked to M3M group in Religare Finvest money laundering case

Mayank Kumar -
ED says M3M sold overpriced shares amounting to Rs 726 crore to another company, which borrowed from Religare Finvest & M3M partners received Rs 500 crore as crime proceeds.

First-past-the-post in a palanquin system & the evasive art of unlearning

ThePrint Team -
The best cartoons of the day, chosen by the editors at ThePrint.

BRS’s K Kavitha sent to judicial custody till 9 April in connection with Delhi excise policy case

ANI -
Rouse Avenue Court fixed April 1 for hearing on interim bail plea moved by Kavitha. ED alleges she conspired with top AAP leaders to get favours and paid Rs 100 crore to them.

‘Loyal citizen’: Geelani’s granddaughter, Shabir Shah’s daughter distance themselves from separatism

Bismee Taskin -
The two women have also said they are not affiliated to any organisation that is against the sovereignty of the Union of India.

Opposition between jailhouse rock & a hard place, and who needs ED when you have Didi

ThePrint Team -
The best cartoons of the day, chosen by the editors at ThePrint.

Delhi CM Arvind Kejriwal issues first direction from ED custody

PTI -
The directions pertain to the city government's water department. Water Minister Atishi will announce the directions later in the day. Party sources said.

Arvind Kejriwal’s arrest caps AAP, BJP feud. If he stays CM, Delhi can face President’s rule

Sourav Roy Barman -
The AAP has rejected all the charges against Arvind Kejriwal and claims that the ED has found no evidence in the case despite two years of investigation.
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