scorecardresearch
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.

Firms linked to Robert Vadra face fresh money laundering charge

PTI -
The ED filed the fresh case following searches conducted last December on three people linked to Sonia Gandhi's son-in-law Robert Vadra.

Enforcement Directorate has become an ‘embarrassing disaster’ under Modi, says Congress

PTI -
Congress spokesperson Randeep Surjewala accused the Modi govt of colluding with AugustaWestland and said the party would investigate the matter if voted to power.

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.
1...555657...60Page 56 of 60

On Camera

YourTurn

Opinion

Wealth creators in India have been the favourite whipping boys. Ambani-Adani are the new ones

TCA Sharad Raghavan -
It used to be Tatas and Birlas in the loose political rhetoric of the 1970s and the 1980s. Today, it is Adani and Ambani in the heated Lok Sabha election campaign.

What’s Xi Jinping doing in Europe? His goal is more strategic than economic

Nehru, Manmohan Singh harmed the cause of caste census. Rahul doing the same now

Economy

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

Yuthika Bhargava -
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Defence

Pensionless Maha Vir Chakra awardee who trained Mukti Bahini continues to fight for rights

Smruti Deshpande -
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.

National Interest

What’s common between Netflix Chamkila and Trudeau’s trouble-infested Canada? They don’t get Punjab

Shekhar Gupta -
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.

Follow us

Copyright © 2024 Printline Media Pvt. Ltd. All rights reserved.