Enforcement Directorate

Why in news?

• Declaring as “not valid in law” the two tenure extensions granted by the government to Sanjay Kumar Mishra, Director of Enforcement Directorate, beyond the September 8, 2021 cut-off date it had fixed, the Supreme Court Tuesday said he can continue on the post only until July 31.

About Enforcement Directorate:

• The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India.
• It is part of the Department of Revenue, Ministry of Finance, Government of India.
• It is composed of officers from the Indian Revenue Service, Indian Corporate Law Service, Indian Police Service and the Indian Administrative Service.
• The prime objective of the Enforcement Directorate is the enforcement of two key Acts of the Government of India namely, the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Laundering Act 2002 (PMLA).

PRACTICE QUESTION:

Consider the following statements regarding ‘Enforcement directorate’:

1. It functions under Ministry of home affairs.

2. Prevention of money laundering is one of the areas under its ambit.

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer