The Union Government has appointed Senior IPS officer Karnal Singh as the Director of Enforcement Directorate (ED).
Decision in this regard was taken by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi. He will be in office till 31 August 2017.
Karnal Singh is 1984-batch IPS officer of the Union territories cadre. Prior to this appointment, he was holding additional charge as Director of ED for over a year.
What is Enforcement Directorate (ED)?
- The Economic Enforcement is economic intelligence and law enforcement agency agency responsible for enforcing economic laws and fighting economic crime in India.
- It functions under the aegis of the Department of Revenue, Union Ministry of Finance.
- It has a mandate to enforce two of most stringent laws in the country. They are Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) to check black money and hawala trade cases.