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Friday, May 3, 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.

Delhi Court extends bail for Land-for-Job Scam associate Amit Katyal

ThePrint Team -
The Rouse Avenue Court in Delhi has adjourned the hearing on Katyal's application for an extension of interim bail on medical grounds until March 12.

Arvind Kejriwal agrees to appear virtually before ED after 12 March

ANI -
New Delhi In response to the eighth summons of the Directorate of Enforcement (ED) which asked Delhi Chief Minister Arvind Kejriwal to appear before...

Shahjahan arrest only a ‘small victory’ for Sandeshkhali — ‘want land back, fear cops will let him go’

Sreyashi Dey -
TMC strongman now suspended by party was arrested Thursday for 'attacking ED officials'. He's also been accused of turning farm land into fish ponds and sexually assaulting local women.

Sheikh Shahjahan set off an ED vs Bengal police battle. But TMC vs BJP will decide his fate

Ananya Bhardwaj -
Sheikh Shahjahan's escape from Sandeshkhali following an attack on ED officials ignited a TMC vs BJP war. Now his arrest, nearly two months later, has set off a custody battle.

ED issues eighth summons to Arvind Kejriwal in money laundering case

PTI -
The Delhi chief minister skipped the 7th summons issued to him in the case saying he would appear before the agency if a court ordered him to do so.

State should help ED ascertain if offence made out under PMLA, says Supreme Court

Bhadra Sinha -
ED challenged Madras HC order that stayed summonses issued against 4 District Collectors, seeking their explanation in connection with alleged sand mining case in Tamil Nadu.

ED files fresh chargesheet against Karti Chidambaram in Chinese visa money laundering case

PTI -
The PMLA case stems from a CBI FIR pertaining to allegations of Rs 50 lakh being paid as kickbacks to the Congress MP and S Bhaskararaman by a top executive of Vedanta group company TSPL.

ED files fresh case against Trinamool’s absconding Sandeshkhali strongman Sheikh Shahjahan

Mayank Kumar -
Latest case is of land grab. After he disappeared early January, local residents have accused Shahjahan and his aides of seizing their land and even sexual assault.

Look out circular issued against Byju’s founder Raveendran to prevent him from leaving India

Mayank Kumar -
Edtech firm Byju’s is under ED scanner for alleged FEMA violation through remittance of Rs 9362.35 crore which the agency believes may have caused a loss to the exchequer.

ED issues 7th summons to Delhi CM Arvind Kejriwal in excise policy case

PTI -
ED recently filed a fresh complaint against Kejriwal for disobeying its summons in this case. The court listed the matter for further hearing on 16 March.
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