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Sunday, May 26, 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.

Sreenivasulu Reddy, in middle of Delhi liquor ‘scam’ row, likely to be fielded by BJP ally TDP in LS polls

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Reddy & his son Raghava joined TDP on 16 March. Arrested Delhi CM Kejriwal contradicts Reddy's statement to ED, says the MP turned against him after son's arrest in Delhi excise policy case.

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Delhi court extended agency's custody of Kejriwal by 4 days. ASG argued investigating officers need to confront Kejriwal with AAP Goa members whose statements were being recorded.

Delhi court extends Arvind Kejriwal’s ED custody till 1 April in excise policy case

PTI -
The agency had sought seven-day custody of the AAP chief, but the court said he has to be produced before the court on April 1 at 11 am.

Modi ‘exploring legal options’ to ensure money seized by ED from ‘the corrupt’ reaches the poor

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

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

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

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

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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.

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