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Sunday, April 28, 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 accuses Christian Michel of seeking lawyers help to evade questions on Sonia Gandhi

PTI -
ED told a Delhi Court that AgustaWestland VVIP chopper case accused Michel was misusing the liberty of legal assistance during his interrogation.

ED arrests Christian Michel in AgustaWestland VVIP chopper deal case

PTI -
The court had reserved the order on Michel's bail plea on December 19 and had sent him to judicial custody till December 28

Special court to decide on ‘fugitive economic offender’ tag for Vijay Mallya on Dec 26

PTI -
The Enforcement Directorate is seeking the declaration of the tag, and also the confiscation of Mallya's properties.

ED ‘digging dirt’ on joint director Rajeshwar Singh, seeks info on lawyer close to him

Maneesh Chhibber -
To ‘build case’ against Rajeshwar Singh, ED wants info on advocate R.S. Gill, who may have appeared in cases related to Baba Ramdev, IPL team owners & Sahara.

BJP in ‘state of panic’, says Congress after ED raids Robert Vadra’s associates

PTI -
Congress spokesperson Abhishek Manu Singhvi called the incumbent government a "terror raj" after the Enforcement Directorate carried out searches on Robert Vadra's associates.

SC issues notice to ED on Mallya’s plea against proceedings to declare him fugitive economic offender

PTI -
The Supreme Court issued notice on Vijay Mallya's plea but refused to stay proceedings before the Mumbai special court. 

ED seen as ‘tool of harassment’, work to restore its credibility: New chief tells officers

Ananya Bhardwaj -
New Enforcement Directorate chief S.K. Mishra tells his officers to probe cases purely ‘on merit’, warns them against leaks or plants in the media.

IRS officer SK Mishra appointed full-time director of ED

PTI -
Order issued by PM Modi-headed Appointments Committee of Cabinet has appointed SK Mishra as ED chief.

ED begins probe against Amazon, Flipkart for ‘FDI norms violation’

Ananya Bhardwaj -
ED probe comes after NGO filed PIL alleging Flipkart, Amazon circumvented FDI norms by routing popular products through multiple entities.

Chidambaram, son protected from arrest till 26 November in Aircel-Maxis case

PTI -
The Enforcement Directorate filed a reply to Chidambaram's plea for anticipatory bail, maintaining that custodial interrogation was necessary as he was non-cooperative in the probe.
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