Enforcement Directorate Current Affairs, GK & News

PMLA Amendments

In its recent amendment, the Central Government listed 15 government bodies that are required to share information with the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). The list was amended in accordance with Section 66 of the PMLA. Which are the agencies that were recently included in the list? The government entities ..

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ED Money-laundering probe into Vivo

On July 8, 2022 the Delhi High Court asked the Enforcement Directorate to consider Vivo to allow it to unfreeze some of its bank accounts, in order to pay for its liabilities. Highlights Justice Yashwant Varma has asked the enforcement directorate to respond on plea filed by vivo, seeking to unfreeze its accounts. Vivo filed this plea as company ..

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JSW Steel Ltd permitted to acquire Bhushan Power & Steel Ltd

Mumbai-based Indian steel making company, JSW Steel Ltd recently approved permission from the National Company Law Appellate Tribunal on Monday (NCLAT) to acquire Bhushan Power & Steel Ltd. While JSW steel is to acquire the firm for Rs 19,700 crore, it would be immuned from the acts of former promoters of the Bhushan Power, as ..

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PMLA prevails over Bankruptcy Act and Insolvency Code: Delhi HC

The Delhi High Court has ruled that Prevention of Money Laundering Act (PMLA) prevails over the Bankruptcy Act and insolvency code when it comes to attachment of properties obtained as ‘proceeds of crime’. The Enforcement Directorate (ED) had challenged the orders of PMLA appellate tribunal on the pleas of various banks. PMLA Tribunal had held that ..

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Terror Monitoring Group for Jammu and Kashmir

The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir. Mandate of the Terror Monitoring Group Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities. ..

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Karnataka High Court quashes ED freeze on Greenpeace Bank Accounts

The Karnataka High Court has quashed the order of Enforcement Directorate (ED) which froze the bank accounts of Greenpeace India. The court noted that the validity of the ED order has lost its efficacy on account of efflux of time as the period of 60 days has expired. The accounts of the Greenpeace India were frozen on ..

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