Which is the Indian agency mandated to investigate money-laundering cases ?
The Directorate of Enforcement
Money laundering in India is governed by the Prevention of Money Laundering Act, 2002 (PMLA), in force since 1 July 2005. The Act creates the offence, provides for attachment and confiscation of proceeds of crime, and names the authorities that administer it.
The Directorate of Enforcement, under the Department of Revenue of the Union Finance Ministry, is the agency empowered to investigate offences under the PMLA. Its officers can record statements, search, seize, arrest and provisionally attach property, and it files prosecution complaints before the Special PMLA Courts. It also enforces the Foreign Exchange Management Act, 1999.
A Director General of Police heads a state police force, which investigates the underlying scheduled offences but not PMLA offences. The Finance Ministry is the parent ministry, not the investigating body. The Central Bureau of Investigation probes corruption and other serious crimes; these may be predicate offences, but the money-laundering case itself goes to the Directorate of Enforcement.
The Directorate of Enforcement option is correct.
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