The Enforcement Directorate has decided to bring to a conclusion cases registered under the Foreign Exchange Regulation Act (FERA), which was repealed by the country more than 25 years ago in 1998.

The criminal sections-loaded FERA of 1973 was replaced in June 2000 by the Foreign Exchange Management Act (FEMA) of 1999, a civil law.

Officials told PTI that the federal probe agency has begun identifying about 400-500 cases in which adjudication proceedings pending before various courts under the FERA can be fast-tracked for closure, as the individuals under prosecution have either died or gone untraceable, or the assets under question have been liquidated or have ceased to exist.

The officials said the aim is to complete the exercise in the next few months -- the first quarter of 2026 bei

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