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 raids suspended AAP councillor Tahir Hussain’s premises in connection with Delhi riots

PTI - June 23, 2020

The Enforcement Directorate, in March, had booked Hussain, Islamist group PFI and others on charges of money laundering and alleged funding of the riots.

Delhi court dismisses bail plea of ex-Fortis Healthcare Promoter Shivinder Singh

PTI - June 17, 2020

The court further said the fact that Shivinder managed to smuggle a phone while he was in the custody of the ED spoke volumes about his conduct and intention

ED summons 4 top IAS officers of Mamata govt in Metro Dairy case, says has ‘strong evidence’

Madhuparna Das - June 14, 2020

4 officials include Finance Secretary Hari Krishna Dwivedi. ED had launched probe last year into controversial 2017 disinvestment of West Bengal govt's stake in Metro Dairy.

ED files money laundering case against Medanta co-founder Naresh Trehan and others

PTI - June 10, 2020

The FIR was filed in connection to alleged irregularities in 53-acre allotment for 'Medicity' in Sector 38, for which locals were evicted in 2004.

Cox & Kings created layers of onshore and offshore subsidiaries to siphon off money: ED

Ananya Bhardwaj - June 8, 2020

Enforcement Directorate searches premises of top Cox & Kings Group officials under PMLA, in connection with the Rs 3,642-crore Yes Bank fraud case.

5 ED officials test positive for Covid-19, headquarters sealed

PTI - June 6, 2020

All five employees, including a special director rank officer, an investigating officer, and two contract employees, are asymptomatic and are in isolation facilities, officials said.

Chidambaram, son Karti got Rs 3cr from INX, invested it in Vasan Healthcare: ED chargesheet

Ananya Bhardwaj - June 3, 2020

ED chargesheet also claims Chidambaram and son Karti sold their shares in Vasan Healthcare for a profit of Rs 41 crore.

AgustaWestland accused Michel questioned in Tihar, asked to name ‘prominent politicians’

Ananya Bhardwaj - May 27, 2020

The Enforcement Directorate, however, refuted the charge, saying an investigation is an ongoing process & there are many questions that arise during the process.

Why SC allowing ED to attach assets has tightened the noose on JPMorgan in Amrapali case

Bhadra Sinha - May 25, 2020

US-based investment bank JPMorgan is accused of helping real estate developer Amrapali in transferring homebuyers’ money to offshore accounts.

CBI court allows ED to further interrogate Christian Michel in AgustaWestland case

ANI - May 24, 2020

Michel is alleged to be an middleman in the AgustaWestland VVIP chopper deal. Delhi HC recently refused to grant interim bail to him on grounds of age and health.

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Topic: Enforcement Directorate

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