E.D. stands for the Enforcement Directorate. It is a specialized financial investigation agency and premier law enforcement agency of the Government of India.
Key Functions:
It is responsible for enforcing two key economic laws:
The Prevention of Money Laundering Act (PMLA), 2002: To investigate and prosecute offenses of money laundering.
The Foreign Exchange Management Act (FEMA), 1999: To investigate violations of foreign exchange laws.
It also deals with cases under the Fugitive Economic Offenders Act, 2018.
Its primary objective is to combat economic crimes in India.