Скачать или смотреть ED investigation on Vijay Mallya's Extradition & fraud,Money Laundering Exposed, EDX Deputy Director

The Enforcement Directorate (ED) is a law enforcement and economic intelligence agency of the Government of India. Established on 1 May 1956, it is responsible for enforcing economic laws and combating financial crimes. The ED operates under the Department of Revenue, Ministry of Finance, with its headquarters in New Delhi.

The ED's primary mandate is to enforce two key laws: the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA). Additionally, it is tasked with implementing the Fugitive Economic Offenders Act, 2018 (FEOA).

The Vijay Mallya case involves charges of fraud and money laundering in India, with him being accused of defaulting on loans worth over ₹9,000 crore and facing extradition from the UK, where he currently resides. He is a wanted fugitive economic offender who left India in 2016 and has since been involved in legal proceedings, including a Supreme Court contempt case for which he was sentenced to four months in prison and a fine. While banks have claimed to recover a significant portion of the debt, Mallya recently filed a plea in the Karnataka High Court seeking clarity on the ongoing loan recovery process.
The primary money laundering act in India is the Prevention of Money Laundering Act, 2002 (PMLA), which came into force on July 1, 2005. This act was enacted by the Parliament of India to prevent money laundering, provide for the confiscation of property derived from such illegal activities, and coordinate measures to combat it. The PMLA establishes a comprehensive framework for combating money laundering related to drug trafficking, terrorism financing, smuggling, and other organized crimes, and includes penalties, a reverse burden of proof in some cases, and mechanisms for international cooperation

ED's investigation, Vijay Mallya's Financial Frauds & Money Laundering Exposed, EDX Deputy Director

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