Home Business Govt extends tenure of ED director Sanjay Kumar Mishra until Nov 2023

Govt extends tenure of ED director Sanjay Kumar Mishra until Nov 2023

The Central government on Thursday extended the tenure of (ED) chief Sanjay Kumar Mishra by a year till November 18, 2023.

Mishra’s tenure as ED Director was also extended for a year in November last year.

The Appointments Committee of the Cabinet approved the extension in the tenure.

Mishra is a 1984-batch Indian Revenue Service officer and was appointed the chief on November 19, 2018 for two years.

The government modified his appointment letter and his term of two years was extended by a year.

The ED is a central investigative agency that enforces two central laws– the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA).

These laws were enacted to curb money laundering, terror financing, black money and hawala or illegal financial transactions that have cross-border ramifications.

The government last year brought an ordinance and later Parliament passed bills to extend the tenure of the director of the Central Bureau of Investigation (CBI) and ED to a maximum of five years from two years.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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