IRS officer Vivek R Wadekar was appointed as the new Special Director in the Enforcement Directorate (ED) by the government. The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi issued an order appointing the officer of the Income Tax Department to the new post.
He has been appointed for the tenure of five years. The ED is the central investigative agency, under the Union finance ministry, that enforces the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA) in the country.
Source- The Hindu
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