💨 Abstract

Enforcement Directorate (ED) chief Rahul Navin acknowledged a backlog of money laundering cases and pledged to complete investigations and file prosecution complaints in the ongoing financial year. The ED will also focus on acts of violation of Foreign Exchange Management Act (FEMA) by firms. The ED aims to reduce the number of pending cases, as prolonged investigations are ineffective and attract criticism.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖