Context:

• Nirav’s sister has transfered Rs. 17.25 cr. to govt. account.

Organisational  Setup:

• The Directorate of Enforcement, with its Headquarters at New Delhi is headed by the Director of Enforcement. There are five Regional offices at Mumbai, Chennai, Chandigarh, Kolkata and Delhi headed by Special Directors of Enforcement.

Functions:           

• Investigate contraventions of the provisions of Foreign Exchange Management Act, 1999(FEMA)
• Investigate offences of money laundering under the provisions of Prevention of Money Laundering Act, 2002(PMLA)
  • take actions of attachment and confiscation of property if the same is determined to be proceeds of crime derived from a Scheduled Offence under PMLA,
  • prosecute the persons involved in the offence of money laundering.
• Processing cases of fugitive/s from India under Fugitive Economic Offenders Act, 2018.
• Render cooperation to foreign countries in matters relating to money laundering and restitution of assets under the provisions of PMLA and to seek cooperation in such matters.

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