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 files money laundering case in ‘fake TRP scam’ probed by Mumbai Police

PTI - November 20, 2020

The ED complaint was filed after studying a Mumbai police FIR that was registered in October, naming Republic TV, two Marathi channels and others.

Kerala HC stops ED, Customs from arresting Sivasankar till 28 October in gold smuggling case

PTI - October 23, 2020

The anticipatory bail pleas were filed by Sivasankar following the arrest by the Customs probing the gold smuggling and the ED investigating the money trail in the case.

ED questions Farooq Abdullah for 5 hours in JKCA money laundering case

PTI - October 21, 2020

Abdullah was visiting the ED office for the second time in 3 days. According to ED officials, he was asked about the procedures & decisions taken when he was the JKCA president.

Farooq Abdullah appears before ED in JKCA money laundering case for second time

PTI - October 21, 2020

ED's case is based on an FIR filed by the CBI, which booked former JKCA office-bearers, including general secretary Mohammed Saleem Khan & former treasurer Ahsan Ahmad Mirza.

ED questions Farooq Abdullah in JKCA scam case, NC & PDP allege political vendetta

Azaan Javaid - October 19, 2020

Both NC & PDP accused the Modi govt of using ED to target Abdullah in wake of local parties forming the Peoples Alliance for Gupkar Declaration, a coalition demanding restoration of J&K’s special status.

ED seizes DMK MP Gautham Sigamani’s assets worth Rs 8.6 crore in FEMA violation case

PTI - October 16, 2020

The ED said it got information that Sigamani illegally acquired foreign security without RBI approval & contravened provisions of section 4 of the Foreign Exchange Management Act.

Court grants bail to Kerala gold smuggling accused Swapna Suresh in money laundering case

ANI - October 13, 2020

Despite getting bail, Swapna Suresh will continue to remain in prison as she has been arrested under the UAPA in another gold smuggling case being probed by the NIA.

ED arrests Cox & Kings’ ex-CFO, former internal auditor in connection with Yes Bank case

PTI - October 6, 2020

The ED said its investigation found that Yes Bank had a total outstanding amount of Rs 3,642 crore in respect of Cox & Kings Group of Companies.

CBI raids Karnataka Congress chief Shivakumar’s properties on ‘ED inputs’, party cries foul

Rohini Swamy - October 5, 2020

CBI says raids in 14 places are based on inputs from ED. Congress alleges attempt by Modi govt to derail party's preparations for Karnataka bypolls.

ED attaches 3 Delhi hotels worth Rs 100 crore in PMC Bank case

PTI - September 18, 2020

The hotels belonged to the Fab Hotels group. Last year, ED filed a PMLA case to probe into alleged loan fraud in the Punjab and Maharashtra Co-operative Bank.

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Topic: Enforcement Directorate

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