Bills to extend tenures of CBI, ED chiefs introduced in Lok Sabha

What is the News? The Government of India has introduced the two Bills — Central Vigilance Commission (Amendment) Bill 2021 and The Delhi Special Police Establishment (Amendment) Bill 2021 in the Lok Sabha. The Bill seeks to extend the tenure of the CBI and ED chief to a maximum of five years from the present… Continue reading Bills to extend tenures of CBI, ED chiefs introduced in Lok Sabha

Centre brings Ordinances to extend tenure of ED, CBI directors up to 5 years

What is the News? The Government of India has brought two ordinances to extend the tenure of Enforcement Directorate (ED) and Central Bureau of Investigation(CBI) directors up to 5 years. Note: Currently, the tenure of chiefs of ED and CBI is two years. While they can not be removed (with some exceptions) before their tenure… Continue reading Centre brings Ordinances to extend tenure of ED, CBI directors up to 5 years

Move ED under Home Ministry, MP urges Modi

A BJP MP has advocated that the Enforcement Directorate (ED) should be shifted to the Ministry of Home Affairs. The ED is a specialized financial investigation agency. At present, it functions under the Department of Revenue, Ministry of Finance. The ED is mandated to deal with matters pertaining to the Prevention of Money Laundering Act… Continue reading Move ED under Home Ministry, MP urges Modi

U.K. court issues warrant for Nirav Modi’s arrest

UK court has issued an arrest warrant against fugitive diamond jeweller Nirav Modi.Earlier,UK Home Secretary had certified India’s Enforcement Directorate(ED) extradition request.He is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. Extradition is simply the surrender of a criminal to one country by another.The process is regulated by treaties between the… Continue reading U.K. court issues warrant for Nirav Modi’s arrest

ED to review loans sanctioned during Chanda Kochhar’s tenure

Enforcement Directorate(ED) has decided to expand the scope of investigation by reviewing all loans sanctioned during former ICICI MD Chanda kochhar’s tenure. ED had registered the case against Chanda Kochhar under financial provisions of the Prevention of Money Laundering Act (PMLA).They are investigating whether she made any personal gains by alleged irregularities in release of… Continue reading ED to review loans sanctioned during Chanda Kochhar’s tenure