Appellate Tribunal Under SAFEMA act, 1976


Shri Ved Prakash Verma has completed his graduation in the year 1986 from Hans Raj College, Delhi University and then completed LLB in year 1989 from Delhi University. In the year 1992 he joined Enforcement Directorate as Assistant Enforcement Officer at Mumbai. At that time, Enforcement Directorate was a Multi-Disciplinary Organization mandated with the task of enforcing the provisions of special fiscal laws – Foreign Exchange Regulation Act, 1973 (FERA). During his tenure at Mumbai, he was posted in investigation section in Mumbai Zonal Office and entrusted with the work of investigation of FERA cases which included the violation of different provisions of FERA, 1973 and also the infringement of the Exchange control Rules laid down by of RBI. A variety of cases including Foreign Exchange Rules violations, Hawala Transactions, Fraud in Export-Import Transactions were handled by him. For some period, he was also posted in the Court Section. While working in Court Section he got the full exposure of Court of Chief Metropolitan Magistrate (CMM), ACMM and MM.

In the year 1995, he was transferred to Delhi Zonal Office of Enforcement Directorate and assigned the work of investigation and intelligence. Some of the important cases investigated and assisted during his tenure in Delhi are Chandra swami Case, Urea Scam, Jain Hawala Case etc. he had independently handled/investigated the cases relating to violations of Foreign Exchange Management Act (FEMA), 1999 which includes cases of foreign exchange violations, Hawala cases and manipulations in Export/Import etc.

In the year 2003, on deputation he joined Serious Fraud Investigation office (SFIO) as Assistant Director. SFIO was a new organisation created to investigate the Corporate Scams having multidimensional repercussions. In SFIO he got the exposure of investigations in the financial frauds committed by Companies thereby cheating the general public and causing loss to the exchequer. During his tenure in SFIO he had participated in investigation of a number of high profile cases such as Ketan Parekh Scam, JVG Scam case etc. which resulted in launching of prosecution against the offenders under the provisions of IPC and Companies Act, 1965. In Ketan Parekh Scam case, he was made Complainant to file criminal complaints in the court of ACMM, Esplanade, Mumbai in three cases investigated by SFIO. In addition to the said work he has been assigned the work of investigation of different cases which involved complex legal/judicial matters.

In Jan. 2010, he again joined Enforcement Directorate and posted in Headquarter office of ED as Enforcement Officer, where he was assigned the work of Vigilance Section. The job profile of this charge was scrutiny of the complaints received in the Directorate against the officials/officers of ED and to investigate the matter and suggests the further course of actions to be taken like issuance of Charge sheet and initiation of disciplinary proceedings against the delinquent officials/officers as per Rules laid down in Conduct Rules. In addition to Vigilance work, he also handled independently intelligence work relating to ED Hqrs. Office which related to receipt of complaints relating to violations of FEMA and PMLA. This requires examination of the said complaints and then suggesting the further course of action in the said complaints. In addition to this the emails received in the official website of ED are to be scrutinised and necessary action were suggested/taken in those emails.

After getting promotion as Assistant Director in April, 2014, he was assigned the work of supervising Vigilance Section of ED (Hqrs. Office) which coordinates the Vigilance work of the whole Directorate.

During his career in ED and SFIO, he underwent a no. of trainings/attended workshops and conferences relating to intelligence and investigations work relating to FEMA and PMLA at different places. He has also participated in APG meeting held as Cochin, Kerala as a member of organising team where participants from a no. Countries attended the meet. He also participated as organising member in the ED day celebrations which held on 1st of May every year.

In July,2016 he joined as Registrar in Appellate Tribunal(ATFP) on deputation after being selected by UPSE. In ATFP, he is Head of the office and supervising the work of Administration and Judicial Documents filings. Work Profile of Registrar includes supervising the documentations and filing of documents in respect of Appeals filed under NDPS Act,1985, SAFEMA,1976 and PMLA,2002. Also, scrutiny of all the Appeals and then registering/ listing before Benches after getting removed all the defects in the Appeals. Supervising the day to day formation of Cause List and daily Orders/Judgements pronounced by Benches. In addition to this overall administration work is also supervised by him for smooth running of office.