{"id":289239,"date":"2024-04-03T17:48:30","date_gmt":"2024-04-03T12:18:30","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=289239"},"modified":"2024-04-03T17:48:30","modified_gmt":"2024-04-03T12:18:30","slug":"ed-can-summon-any-person-for-any-information-sc-in-sand-mining-case","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/ed-can-summon-any-person-for-any-information-sc-in-sand-mining-case\/","title":{"rendered":"ED can summon \u2018any person\u2019 for \u2018any information’- SC in Sand mining case"},"content":{"rendered":"

Source<\/strong>-This post on ED can summon \u2018any person\u2019 for \u2018any information’- SC in sand mining case <\/strong>is based on the article “Sand mining case: ED can summon \u2018any person\u2019 for \u2018any information\u2019, Supreme Court tells Tamil Nadu<\/strong><\/a>” published in “The Hindu<\/strong>” on 2nd April 2024.<\/p>\n

Why in the News?<\/h2>\n

The Supreme Court, in a recent hearing on a sand mining case, endorsed the Enforcement Directorate’s (ED) authority to summon “anyone for any information.”<\/p>\n

What is Enforcement Directorate (ED)?<\/h2>\n
\"Enforcement
Source- The Hindu<\/figcaption><\/figure>\n\n\n\n\n\n\n\n
Aspect<\/strong><\/td>\nDetails<\/strong><\/td>\n<\/tr>\n
About<\/strong><\/td>\nIt is a specialized financial investigation agency<\/span> under the Department of Revenue, Ministry of Finance.<\/td>\n<\/tr>\n
Headquarters<\/strong><\/td>\nNew Delhi<\/td>\n<\/tr>\n
Origin<\/strong><\/td>\n1.<\/strong> On 1 May 1956, an \u2018Enforcement Unit\u2019 was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947.
\n2.<\/strong> In the year 1957, this Unit was renamed as \u2018Enforcement Directorate\u2019.<\/td>\n<\/tr>\n
Mandate<\/strong><\/td>\nIt has been given the task of enforcing the provisions of two special fiscal laws-
\na.<\/strong> Foreign Exchange Management Act, 1999 (FEMA).<\/a>
\nb.<\/strong> The Prevention of Money Laundering Act, 2002 (PMLA)<\/a>.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What are the key powers and functions of Enforcement Directorate?<\/h2>\n

1. Probing financial crimes<\/strong>– The ED has the authority to probe and enforce regulations concerning money laundering, breaches of foreign exchange regulations, and similar economic infractions.<\/p>\n

2. Freezing and Seizing Assets<\/strong>– The ED is authorized to freeze and confiscate assets believed to be connected to money laundering<\/span> or illicit operations.<\/p>\n

3. Properties Attachment<\/strong>– The Directorate has the authority to seize properties implicated in or derived from money laundering activities, thus halting their disposal during the investigation. This attachment directive lasts for 180 days<\/span> and may be prolonged by the Adjudicating Authority<\/span>.<\/p>\n

4. Issuing Summons<\/strong>– Section 50(2) of the PMLA allows the ED to summon any individual<\/span> deemed necessary to provide evidence or produce records during an investigation or proceeding under the statute. Section 50(3) mandates that the summoned person must attend in person<\/span> or through authorized agents<\/span>, providing truthful statements and required documents.<\/p>\n

5. Arrests<\/strong>– The agency can arrest individuals engaged in money laundering or foreign exchange violations, as per the law’s provisions. Arrests may be made with or without a warrant, depending on the case’s circumstances.<\/p>\n

UPSC Syllabus- Polity and Nation (Bills and Acts)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on ED can summon \u2018any person\u2019 for \u2018any information’- SC in sand mining case is based on the article “Sand mining case: ED can summon \u2018any person\u2019 for \u2018any information\u2019, Supreme Court tells Tamil Nadu” published in “The Hindu” on 2nd April 2024. Why in the News? The Supreme Court, in a recent… Continue reading ED can summon \u2018any person\u2019 for \u2018any information’- SC in Sand mining case<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1731,1760],"tags":[11872,10498],"class_list":["post-289239","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-bill-and-acts","category-polity-and-nation","tag-9pm-daily-factly","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/289239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=289239"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/289239\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=289239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=289239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=289239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}