Money laundering - ED to get some work
Sometime back, I visited a regional office of the Enforcement Directorate. I ask the officers what they were doing after the demise of FERA. They told me that they were all eagerly waiting for the Money Laundering Act, under which they would be the enforcement officers. The amendment moved by the Finance Minister Mr. P. Chidambaram in the Lok Sabha on Friday indeed gives the enforcement powers to the Directorate of Enforcement.