Q. Which of the following statements is correct with reference to the ‘Enforcement directorate (ED) ’ in India?
1. It is a specialized investigating agency under the Ministry of Home Affairs.
2. It is authorized to declare a person fugitive economic offender under Fugitive Economic Offenders Act 2018.
3. It investigates cases related to the provisions of Prevention of Money Laundering Act, 2002.
Select the correct answer using the code given below:
Exp) Option c is the correct answer.
Statement 1 is incorrect: Directorate of Enforcement is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India. It investigates contraventions of the provisions of Foreign Exchange Management Act, 1999(FEMA).
Statement 2 is incorrect: One of Enforcement Directorate’s important function is processing cases of fugitive/s from India under Fugitive Economic Offenders Act, 2018. But it is the special court (designated under Prevention of Money Laundering Act, 2002) upon hearing application may declare an individual as a fugitive economic offender.
Statement 3 is correct: ED also investigates offences of money laundering under the provisions of Prevention of Money Laundering Act, 2002 (PMLA)
