New Delhi:

Enforcement Directorate chief SK Mishra has acquired one other year-long extension, his third within the job. With this extension, he would full 5 years within the publish subsequent 12 months.

Last 12 months, Mr Mishra grew to become the primary to obtain a 12 months’s extension in service underneath a brand new regulation. The discover got here days after the federal government handed an govt order to increase tenure of investigation company chiefs.

Before the extension, chiefs of the central businesses had a two-year tenure. The ordinance made it doable to present them 5 years in a publish.

Mr Mishra, who was to retire the day after the Ordinance, was given extension until November 18, 2022, or until additional discover, learn the federal government order.

His first extension, which got here first on November 13, 2020, was challenged within the Supreme Court.

But the judges had refused to intervene, saying the CVC Act doesn’t restrict the tenure to 2 years and extensions could be given to wrap up ongoing instances.

The rule to increase tenures of probe company chiefs had come underneath assault from the opposition. Many events, together with the Congress and the Trinamool Congress, contended that it was a ruse to reward officers who toed the federal government line.

The authorities has used the ED and the Central Bureau of Investigation as “henchmen to usurp power and destabilise elected governments” and they’re now being rewarded, the Congress mentioned.

The ED enforces two main legal guidelines within the nation to verify black cash – the legal Prevention of Money Laundering Act and the Foreign Exchange Management Act. The company’s chief publish is a further secretary rank publish within the Union authorities.