Latest news with #SatyabrataKumar
Hans India
04-06-2025
- Business
- Hans India
ED curbs tenure of special director Satyabrata Kumar
New Delhi: The Appointments Committee of the Cabinet has approved the curtailment of the deputation tenure of Satyabrata Kumar, Special Director of Enforcement at the Directorate of Enforcement (ED), and his immediate repatriation to his parent cadre, the Central Board of Indirect Taxes and Customs. This decision marks the end of Kumar's extended tenure at the ED, where he has served for over eleven years. Kumar, a 2004-batch officer of the Indian Revenue Service (Customs and Indirect Taxes), initially joined the ED in 2013 as a Joint Director in Mumbai. Over the years, he played a pivotal role in investigating several high-profile financial crimes, including the Rs 12,500-crore Punjab National Bank fraud involving fugitive diamantaires Nirav Modi and Mehul Choksi, the Rs 9,200-crore bank loan fraud linked to liquor baron Vijay Mallya, and terror-financing cases associated with deceased narcotics trafficker Iqbal Mirchi. His expertise in handling complex economic offenses earned him a reputation as a formidable investigator. Despite an earlier attempt by the Finance Ministry to repatriate Kumar in 2019, his transfer was swiftly revoked by then-ED Director SK Mishra, under whom Kumar was considered a trusted officer. In 2022, he was granted an extension to continue serving in the ED until October 2026. However, the latest directive has prematurely ended his tenure, approximately seventeen months ahead of schedule. Officials speculate that Kumar's return to his parent cadre may be linked to an important assignment requiring his investigative acumen.
Hindustan Times
02-06-2025
- Business
- Hindustan Times
Centre curtails tenure of ED special director Satyabrata Kumar
NEW DELHI: The Appointments Committee of Cabinet (ACC) has curtailed the tenure of the Enforcement Directorate (ED) special director, Satyabrata Kumar and repatriated to his parent cadre, the Central Board of Indirect Taxes and Customs. Kumar, a 2004 batch officer of the Indian Revenue Service (Customs and Indirect Taxes), was shifted as Special Director of Enforcement (SDE) of ED's eastern region in Kolkata in September 2024 and was previously based in Mumbai. 'The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Revenue for curtailment of deputation tenure of Satyabrata Kumar, IRS(C&IT:2004), Special Director of Enforcement, Directorate of Enforcement and his consequent repatriation to his parent cadre with immediate effect,' the ACC order, issued on May 30 said. Kumar joined ED in 2013 as its joint director in Mumbai and handled high profile cases while heading the Mumbai's units. He was given an extension in 2022 to serve in the federal agency till October 2026. Officials said it was likely that Kumar was being brought back to his parent cadre for an important assignment in view of his investigation skills and track-record in handling complex economic offences. Some of the high profile cases investigated by ED under his supervision include ₹12,500-crore Punjab National Bank (PNB) case involving accused fugitive diamantaires Nirav Modi and Mehul Choksi; the alleged ₹9,200 -crore bank loan cases involving fugitive liquor baron Vijay Mallya's defunct airline firm, Kingfisher Airlines Limited; alleged terror-financing cases against the deceased narcotics trafficker, Memon Iqbal Mohammed or Iqbal Mirchi; PMLA case against Yes Bank founder Rana Kapoor, who is an accused in the Yes Bank-Dewan Housing Finance Corporation Limited (DHFL) transactions; and the agency's PMLA probe related to the USD 1 million-plus Mahadev Online Book (MOB) illegal online betting/gaming cases.
