Modi empowered ED to cleanse cancer of financial crimes; not to target anyone: MoS Pankaj Chaudhary
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi enhanced the powers of the Directorate of Enforcement to combat financial crimes like money laundering and corruption, emphasizing that the agency's role is not to target any specific entity. He described the ED as a 'nation's shield against financial crimes' and credited it with upholding trust and setting new standards. Chaudhary dismissed allegations of political targeting, attributing them to a certain 'ecosystem' in the country.
- ▪Union Minister Pankaj Chaudhary said PM Modi strengthened the ED to tackle money laundering, corporate fraud, and corruption.
- ▪He stated the ED acts as the 'nation's shield against financial crimes' and has set new operational standards.
- ▪Chaudhary denied that the ED targets any entity, calling such allegations part of a narrative by a certain 'ecosystem' in the country.
- ▪The comments were made on May 1, 2026, with the minister defending the agency's role in upholding financial integrity.
- ▪He emphasized that the ED has lived up to the trust placed in it by successive governments.
Opening excerpt (first ~120 words) tap to expand
Union Minister Pankaj Chaudhary said on Friday (May 1, 2026) that Prime Minister Narendra Modi "strengthened" and gave more powers to the Directorate of Enforcement (ED) to cure the "cancer" of money laundering, corporate fraud and corruption, not to target any entity as alleged by a certain "ecosystem" in the country.Mr. Chaudhary, the Minister of State (MoS) for Finance, called the central agency the "nation's shield against financial crimes," stating that it has not only "lived up" to the trust successive governments reposed in it but has also set "new standards".
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