NEW DELHI: The Union government has extended the term of ED director Sanjay Kumar Mishra for one year after modifying his appointment order that was issued in 2018, authorities said. Mishra, 60, is a 1984 batch Indian Tax Service Officer of the Income Tax table and was appointed head of the Supervision Directorate on November 19, 2018.
His term would end next week, as the post of director of ED has a fixed term of two years.
According to an order issued by the Department of Revenue under the Union Ministry of Finance on Friday, the 2018 order for the appointment of Mishra has been modified.
“The President of India is pleased to approve the amendment to the above order dated November 19, 2018, appointing Shri Sanjay Kumar Mishra as Director of Enforcement in the Enforcement Directorate,” he said.
He added that his appointment will be for a period of three years from the date of taking office or until new orders, whichever occurs first.
The ED is a central investigative agency that enforces two central laws: the Prevention of Money laundering law (PMLA) and the Foreign Exchange Management Act (FEMA).
These laws were enacted to curb money laundering, terrorist financing, black money, and hawala or illegal financial transactions that have cross-border ramifications.
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