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.

From private jets & starry parties to hiding in Nigeria: The giant fall of the Sandesaras

Aditi Vatsa - October 22, 2018

Chetan and Nitin Sandesara of the Vadodara-based Sandesara Group are accused of defaulting on loans of over Rs 5,000 crore

This woman from Hyderabad amassed ‘Rs 900 crore’ by conning investors in India & US

Ananya Bhardwaj - October 20, 2018

Nowhera Shaik, who peddled different forms of gold investment schemes, was arrested earlier this week after multiple investors called her bluff.

Six-month extension to ED chief Karnal Singh challenged in Supreme Court

Maneesh Chhibber - October 15, 2018

The PIL has questioned the Modi government’s motivations in extending Karnal Singh’s two-year term, which would go against SC orders for a fixed term.

ED officer probing Punjab drug haul cases withdraws resignation days after quitting

Chitleen K Sethi - October 12, 2018

ED officer Niranjan Singh had questioned Akali Dal leader Bikram Singh Majithia in connection with one of the drug haul cases.

ED officer who questioned Akali leader Majithia in multi-crore drug bust case resigns

Chitleen K Sethi - October 5, 2018

Niranjan Singh, a deputy director of the Enforcement Directorate, resigned citing "personal reasons".

ED chief Karnal Singh to get yet another extension, this time for six months

Ananya Bhardwaj - October 2, 2018

Singh, whose two-year extension expires this month, is monitoring many high-profile cases, including ones involving Nirav Modi and Vijay Mallya.

Enforcement Directorate attaches assets worth Rs 637 crore of Nirav Modi

PTI - October 1, 2018

The Punjab National Bank case is one among very few where Indian agencies have attached assets abroad in a criminal probe.

The real problem with Vijay Mallya is that he never really grew up

TN Ninan - September 15, 2018

Liquor and beer spew cash in India, so Mr Mallya had a gilt-edged inheritance. He also enjoyed mixing business with pleasure.

Like nephew, Mehul Choksi used shell firms to keep spoils of Rs 13,600 crore PNB con: ED

Rajesh Ahuja, HT - September 12, 2018

ED has accused Choksi of diverting Rs 3,257 crore of the Rs 6,000 crore credit accessed by his group companies from PNB.

Interpol issues red corner notice against Nirav Modi’s sister on money laundering charges

PTI - September 10, 2018

Purvi Modi is a Belgian national and the sister of Nirav Modi. The two are allegedly involved in $2 billion PNB money laundering case

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Topic: Enforcement Directorate

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