Context: Enforcement Directorate
A Kochi court allowed the Enforcement Directorate to access documents collected by the Serious Fraud Investigation Office in the Cochin Minerals and Rutile Limited pay-off case. The ED is investigating alleged money laundering aspects, while the SFIO had examined the corporate fraud dimension of the case.
PYQ Link: Economic Investigation Agencies
Enforcement Directorate
Ministry
- Ministry of Finance, Department of Revenue
Status
- Non-statutory
Function
- Investigates money laundering under Prevention of Money Laundering Act, 2002.
- Investigates Foreign Exchange Management Act, 1999 violations.
Serious Fraud Investigation Office
Ministry
Status
- Statutory body under Section 211 of the Companies Act, 2013
Function
- Investigates complex corporate frauds.
Central Economic Intelligence Bureau
Ministry
- Ministry of Finance, Department of Revenue
Status
- Non-statutory
Function
- Economic intelligence coordination.
Central Bureau of Investigation
Ministry
- Department of Personnel and Training
Status
- Non-statutory, under Delhi Special Police Establishment Act, 1946
Function
- Corruption
- Economic offences
- Special crimes
