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.

In Nirav Modi case, Enforcement Directorate HQ steps in to overturn order to relieve probe officer

PTI - March 29, 2019

Earlier, special director Vineet Agarwal had signed an order to relieve Satyabrat Kumar from all the investigations.

ED arrests defence agent in Rs 3,600-crore VVIP chopper scam

PTI - March 26, 2019

ED arrests Sushen Mohan Gupta based on disclosures by an 'approver', officials believe him to be in possession of some payment details of the case.

Delhi court orders attachment of Vijay Mallya’s Bengaluru properties

PTI - March 23, 2019

The court ordered the Bengaluru Police to attach liquor baron Mallya's properties to a case relating to FERA violations by July 10.

No point in Nirav Modi’s arrest until taxpayers money is returned, says AAP leader

PTI - March 20, 2019

AAP leader Sanjay Singh has said the property owned by Nirav Modi & other fugitives in the country should be auctioned by the government to return people's money.

Robert Vadra moves Delhi High Court seeking to drop money laundering case against him

PTI - March 20, 2019

The case lodged by Enforcement Directorate relates to allegations of money laundering in the Vadra's London-based property, worth 1.9 million pounds.

Nirav Modi’s art collection is worth Rs 57 cr, includes Raja Ravi Varma & Amrita Sher-Gil

Ananya Bhardwaj - March 20, 2019

Nirav Modi’s collection, including a Ravi Varma painting worth Rs 4 crore, is set to be auctioned to recover income tax dues of Rs 95 crore.

Delhi court allows extradition request of Sterling’s Sandesara brothers from Albania

PTI - March 19, 2019

Nitin Jayantilal Sandesara and Chetankumar Jayantilal Sandesara are currently residing in Albania & have been accused in a Rs 8,100-crore money laundering case.

London court issues arrest warrant for PNB scam accused Nirav Modi

PTI - March 18, 2019

The warrant issued by Westminster Magistrate Court comes after United Kingdom's home secretary Sajid Javid referred to India's request for extraditing Modi earlier this month.

Being treated like monkey in a zoo at Tihar, says AgustaWestland accused Christian Michel

Ananya Bhardwaj - March 14, 2019

Christian Michel, middleman in AgustaWestland chopper scam, tells judge he has been moved from cell housing white-collar crime accused to one housing terror suspects.

Rakesh Asthana threatened to make my life hell: Christian Michel alleges in court

PTI - March 12, 2019

Michel's statement that he was put in prison with Kashmiri separatist leaders was denied by jail authorities.

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Topic: Enforcement Directorate

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