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SC extends ED chief SK Mishra’s tenure until Sept 15

A three-judge bench led by Justice B R Gavai has granted an extension to the term of SK Mishra, the Director of the Directorate of Enforcement (ED) until September 15. According to the previous judgment, Mishra’s term was set to conclude on July 31, as previous extensions provided to him were deemed unlawful. The bench clarified that this extension was made in the ‘interest of the larger public’ and will be the final one allowed for him.

Sanjay Kumar Mishra as ED Director

Sanjay Kumar Mishra, an officer of the 1984 batch of the Indian Revenue Service, initially assumed the position of ED Director for a two-year term starting in November 2018. His term concluded in November 2020 when he reached the retirement age of 60 in May 2020. However, on November 13, 2020, the Central government issued an office order stating that the President had amended the 2018 order, extending the term from ‘two years’ to ‘three years.’

About The Directorate of Enforcement

The Directorate of Enforcement is a multi-disciplinary organization tasked with investigating money laundering offenses and foreign exchange law violations. Its main goal is to enforce three key acts related to these matters:

  1. The Prevention of Money Laundering Act, 2002 (PMLA)
  2. The Foreign Exchange Management Act, 1999 (FEMA)
  3. The Fugitive Economic Offenders Act, 2018 (FEOA)

Key takeaways for competitive examinations

  • The Directorate of Enforcement was founded on: 1 May 1956

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SC extends ED chief SK Mishra's tenure until Sept 15_40.1

 

SC extends ED chief SK Mishra's tenure until Sept 15_50.1