One more Opp leader falls: ED arrests Soren for 'money laundering', he quits as Jharkhand CM
- The Enforcement Directorate (ED) arrested Hemant Soren in a land scam case after he resigned as Jharkhand Chief Minister.
Key Highlights
- Resignation followed over seven hours of ED questioning at his official residence in Ranchi.
- The case revolves around alleged purchase and sale of tribal land with forged documents between 2020 and 2022.
- Hemant Soren has challenged his arrest in the Jharkhand High Court,
Political Transition
- The ruling alliance, led by JMM, aims to form the government with the support of 43 MLAs, currently awaiting the Governor's response.
Governor's Refusal and Opposition's Stand
- Attempts by the alliance to meet the Governor for a parade of MLAs to prove majority were refused.
- JMM members assert their numerical strength and oppose any move towards President's rule in Jharkhand.
Directorate of Enforcement (ED)
- The Directorate of Enforcement (ED) is a multi-disciplinary organization
- It is mandated with investigation of offences of money laundering and violations of foreign exchange laws.
- It functions under the Department of Revenue of the Ministry of Finance.
- The origin of this Directorate goes back to 1st May, 1956
- When an ‘Enforcement Unit’ was formed in the Department of Economic Affairs for handling Exchange Control Laws violations under Foreign Exchange Regulation Act (FERA), 1947.
Prelims Takeaway
- Enforcement Directorate (ED)
- Ministry of Finance