What is the full form of ED?

ED: Enforcement Directorate

The full form of ED is Enforcement Directorate. ED is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India, headquartered in New Delhi. The primary objective of the ED is to enforce two major Indian government laws, including the FEMA 1999 (Foreign Exchange Management Act) and the PMLA 2002 (Money Laundering Prevention Act). The ED’s official website enlists several other targets that are specifically linked to combating money laundering in India. As of Feb 2022, Mr. Sanjay Kumar Mishra, IRS is the head of ED. On 23 Feb 2022, ED arrested Maharashtra Minister Nawab Malik with a money laundering case linked to the activities of the Mumbai underworld gangster Dawood Ibrahim and his aides.

What is ED?

The Enforcement Directorate (ED) is a law enforcement agency and economic intelligence agency in India to enforce economic laws and fight economic matters. It is headed by the Director of Enforcement. It is composed of officers of the Indian Revenue Service (IRS), Indian Corporate Law Service, Indian Police Service (IPS) and the Indian Administrative Service (IAS). ED has Regional Offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Kochi, Delhi, Panaji, Guwahati, Hyderabad, Jaipur, Jalandhar, Kolkata, Lucknow, Mumbai, Patna and Srinagar. Headed by the Joint Director. ED has Sub Regional Offices i.e. Bhubaneswar, Kozhikode, Indore, Madurai, Nagpur, Allahabad, Raipur, Dehradun, Ranchi, Surat, Shimla. Whose head is the Deputy Director.

History

• The Directorate of Enforcement was established on May 01, 1956, when an ‘Enforcement Unit’ under the control of the Department of Economic Affairs was established under the Foreign Exchange Regulation Act, 1947 (FERA, 1947) to prevent violation of exchange control laws.
• In the year 1957 this unit was renamed as Enforcement Directorate and another branch was opened at Madras,Tamil Nadu.

Other full forms of ED