Full Form Of ED
The ED's name often comes up in the media in connection with the investigation of several high-profile cases over the years. VVIP chopper case, Robert Vadra's foreign property case, INX media case against Finance Minister P Chidambaram and his son Karti The matter of possessing property, the money laundering case of Vijay Mallya and Nirav Modi is being investigated by the ED itself.
ED full form is "Enforcement Directorate". The Enforcement Directorate was established on 1 May 1956 and functions under the Union Department of Revenue and the Ministry of Finance. Its headquarters is Delhi. The posting of all higher officials in the ED is essentially done from the rank of IAS, IPS or IRS officers.
The main functions of ED are: -
Under the Foreign Exchange Management Act, Foreign Exchange Management Act 1999 (FEMA), the ED also has the authority to investigate violations of foreign currency exchange laws and rules as well as to punish the accused.
2. Implementing economic crime and economic rules in India, assisting the police in confiscating black money.
3. Prevention of Money Laundering Act under PMLA 2002 Prevention of Money Laundering Act to ascertain the property acquired by criminal activities and thereafter the right to seize / attach those assets and prosecute criminals involved in money laundering. is near.
Earlier, the valid period for confiscated or attached assets was 90 days under the existing provisions related to money laundering. But in the interim budget 2019-20 presented on 1 February 2019, this period has been extended to 365 days. With this decision of the government, the ED investigation agency will get more time to gather evidence and prove the crime of economic offenders.
The highest ED official is called the Director of Enforcement. ED has 5 main offices: Mumbai, Chennai, Chandigarh, Kolkata and Delhi.
The ED has 16 regional offices: Ahmedabad, Bengaluru, Chandigarh, Chennai, Kochi, Delhi, Panaji, Guwahati, Hyderabad, Jaipur, Jalandhar, Kolkata, Lucknow, Mumbai, Patna and Srinagar. The regional office head is called the joint director.
The ED also has 11 sub-regional offices: Bhubaneshwar, Kozhikode, Indore, Madurai, Nagpur, Prayagraj, Raipur, Dehradun, Ranchi, Surat and Shimla.The chief officer is called the Deputy Director.
(Last updated on 4 February 2019)
