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Saturday, May 11, 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.

Delhi court orders ED to submit copies of seized documents to Robert Vadra

PTI -
Robert Vadra had filed an application seeking a copy of the seized documents on that grounds that it was the basis of the ED's interrogation.

ED conducts multiple raids in connection to IL&FS payment default case

PTI -
IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over Rs 91,000 crore.

ED says Robert Vadra not cooperating after his interim bail is extended till 2 March

PTI -
The Enforcement Directorate told the Delhi court that it needed to question Vadra and opposed his bail plea.

Delhi court grants 7-day interim bail to Rajiv Saxena in the AgustaWestland case

PTI -
Saxena had sought bail on medical grounds telling the court that he was suffering from heart disease and advanced-stage leukaemia. 

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In the dock for ‘fund fraud’, Greenpeace scales down India campaigns

Srijan Shukla -
With the govt cancelling its FCRA licence & ED freezing its bank account, Greenpeace has had to shut offices, cut staff & change the issues it raises.

Corporate lobbyist Deepak Talwar has links with Vijay Mallya, claims ED

PTI -
ED requested for extension of custodial interrogation of Deepak Talwar to interrogate his role in a money laundering case that allegedly led to Air India losses.

Has Modi cracked down on Vadra, Saradha, Aircel too late or is it perfect campaign timing?

ThePrint Team -
With months to go for the 2019 Lok Sabha elections, the Narendra Modi government is cracking down on high-profile cases of alleged corruption and money laundering.

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ED grills Robert Vadra for more than 4 hours in money laundering case

PTI -
It is for the first time that Vadra is appearing before any probe agency in connection with alleged criminal charges of dubious financial dealings.
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