5699 FEMA and 1348 Money Laundering cases pending:ED to increase strength
August 30, 2011
New Delhi, 30 August 2011
With 5699 cases under Foreign Exchange Management Act, 1999 (FEMA) and 1348 cases under Prevention of Money Laundering Act, 2002 (PMLA) pending investigation, the Directorate of Enforcement is over loaded.
These cases are pending as on 31st July 2011. The Government of India has therefore approved restructuring of the Directorate of Enforcement by increasing staff strength from 745 to 2064 and the number of offices from 22 to 39.
This was stated by Mr. S. S. Palanimanickam, union minister of state for finance in rajya sabha today in response to a question from MP Mr. Parimal Nathwani. The directorate is also handling the residual work of Foreign Exchange Regulation Act, 1973 (FERA) which was repealed on 31st May 2000; the minister said.
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