Question:

What is E. D. ?

Show Hint

For questions about government agencies, stating the full name and mentioning the main laws it enforces (like PMLA and FEMA for the ED) provides a complete answer.
Hide Solution
collegedunia
Verified By Collegedunia

Solution and Explanation

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.
Was this answer helpful?
0
0