The ED has stepped up its prosecution in money laundering cases and is planning to take steps, including filling 1,400 posts, to go full throttle against such violations.
The agency has completed investigations in 1,288 cases during 2012-13 as compared to 655 cases during 2011-12. It was able to seize assets worth Rs 2,357 crore during the last fiscal, a seven fold increase from Rs 333 crore during the 2011-12.
He voiced confidence that even with constraints, ED will continue enforcing the law effectively and fairly, retain credibility and raise the bar in terms of concrete action against wrongdoers, yet again.
The ED is the national agency to enforce the stringent Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA) in the country including those with cross-border ramifications.
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Katoch, who took charge of the agency in March last year, said it has completed investigations in 1,288 cases (during 2012-13 fiscal) as compared to 655 cases during the 2011-12.
"We plan to enhance our investigation capacity in coming years," he said.
Director Katoch also said the elite agency is "seriously short" of manpower and its infrastructure needs "urgent upgradation" to keep pace with its growth.