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Rahul Gandhi’s ED Appearance: Congress leader Rahul Gandhi has to appear before the Enforcement Directorate. Earlier, Congress workers are protesting across the country.
Enforcement Directorate to Congress leader Rahul Gandhi in National Herald case on Monday i.e. today (Rahul Gandhi’s ED Appearance) to be presented in front of Congress workers are protesting across the country ahead of Rahul Gandhi’s appearance. Earlier, the Congress had planned to demonstrate strength in protest against it. In this plan, Congress workers were going to take out a rally from the party headquarters to the Enforcement Directorate headquarters, but the Delhi Police (Delhi Police) refused to approve the proposed rally. After this, now Congress workers are protesting from place to place and many Congress leaders have been detained by Delhi Police.
This is not the first time that there is a ruckus regarding the action of the ED. Even before this, there have been many times from rhetoric to demonstrations regarding the action of ED and leaders of many parties keep accusing the ED. In such a situation, today we tell you what is ED and what is the work of ED. Also, know what kind of cases ED investigates and what action can be taken…
What is ED?
The often discussed ED deals with the investigation of economic offenses and violation of foreign exchange laws and was established on May 1, 1956. The ED is a special financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India and is headquartered in New Delhi. Apart from this, there are also many zonal offices. In layman’s terms, ED is a law enforcement agency and economic intelligence agency to enforce economic laws in India and fight economic matters.
What does ED do?
The main functions of the ED include probing cases related to FEMA violations, ‘hawala’ transactions and foreign exchange racketeering. Let us tell you that earlier there used to be a ferry instead of FEMA. Due to the process of economic liberalization, FERA (1973) which was a regulatory law… was replaced by Foreign Exchange Act (1999) from 1 June 2000, named FEMA.
Apart from this, a new law ‘Prevention of Money Laundering Act, 2002’ was made by the government regarding the international money laundering system and ED got its work.
Along with this, due to the increase in the number of cases related to economic offenders taking refuge abroad, the government enacted the Fugitive Economic Offenders Act, 2018 and the ED was given the task of implementing it from April 21, 2018.
What are these laws?
- Foreign Exchange Management Act, 1999 (FEMA)- It is a civil law, designed to promote the systematic development and maintenance of the foreign exchange market in India, incorporating laws relating to foreign trade and facilitation of payments. Now the matters related to this law come under the ED.
- Prevention of Money Laundering Act, 2002 (PMLA)- It is a criminal law designed to prevent money laundering and to provide for the confiscation of property obtained or involved in money laundering and for matters connected therewith. The matters related to this law are also the responsibility of the ED.
- Fugitive Economic Offenders Act, 2018 (FEOA)- This law was made to prevent economic offenders from evading the process of Indian law by running outside the jurisdiction of the courts of India. This is a law under which the directorate has been given the task of attaching the properties of fugitive economic offenders who have fled out of India evading arrest and their properties with the central government.
- Under the Protection of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA), the ED has special powers to deal with cases of preventive detention in respect of violations of FEMA.
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