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Saturday, July 19, 2025
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 seizes funds worth Rs 107 crore of Chinese-controlled loan app firm over FEMA violation

PTI -
ED came across the case during an ongoing money laundering probe against a number of NBFCs & FinTech companies that are linked to instant personal loan-providing mobile applications.

ED officer Rajeshwar Singh applies for retirement, likely to join BJP to contest UP polls

PTI -
Singh is currently posted as ED's joint director at its zonal office in Lucknow. He has headed several high-profile cases including PMLA probe against Chidambaram and son Karti.

Mumbai court allows return of Nirav Modi’s confiscated assets worth Rs 440 crore to PNB

PTI -
The bank in July had filed multiple applications seeking the release of properties mortgaged with PNB against credit facilities extended to two of Nirav Modi's firms.

PDP chief Mehbooba Mufti’s mother appears before ED in money laundering case

PTI -
The criminal case filed under the Prevention of Money Laundering Act is linked to the recovery of at least two diaries by the ED after raids on an alleged associate of Mehbooba.

ED issues fresh summons to ex-Maharashtra minister Anil Deshmukh in money laundering probe

PTI -
The summons were issued in connection with the criminal case registered under the PMLA related to Rs 100 crore bribery-cum-extortion racket in Maharashtra police establishment.

Criminal cases against MPs & MLAs cannot be withdrawn without HC nod, rules Supreme Court

Bhadra Sinha -
Three-judge bench led by CJI Ramana issues directions after amicus curiae cite instances of proposals to withdraw cases against MLAs belonging to that state's ruling party.

ED summons former J&K CM Mehbooba Mufti’s mother in money laundering case

PTI -
The mother of PDP chief, Gulshan Nazir, who is in her late 70s, has been asked to appear in ED's Srinagar office on 18 August. She had been summoned by ED on earlier occasions also.

ED slaps Rs 10,600-crore notice to Flipkart, its founder over alleged forex violations

PTI -
The show cause notice was issued to 10 people including Flipkart founders Sachin Bansal & Binny Bansal. Flipkart said it's in compliance with Indian laws, including FDI regulations.

ED attaches London hotel worth Rs 58.61 cr in money laundering case against Unitech group

PTI -
The agency claimed that 'tainted funds' of Rs 325 crore belonging to homebuyers were diverted to Carnoustie group, whose UK-based associate firm owns the hotel.

ED probes crypto exchange Binance in betting app laundering case

Shruti Srivastava -
Binance has been facing regulatory crackdown as nations intensify scrutiny of crypto industry amid concerns that it is being used to conceal proceeds of money laundering & terrorism.
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