Articles about Fugitive Economic Offenders Bill

05 Jan 2019

Mumbai
Mallya becomes first person to be declared 'fugitive economic offender'

Embattled liquor tycoon Vijay Mallya, on Saturday, became the first person to be charged under the new Fugitive Economic Offenders Act, 2018, after a Mumbai anti-corruption court declared him to be a fugitive economic offender.

Bank loan fraud case: ED moves court against Sterling Biotech

The Enforcement Directorate (ED) today moved a special court in New Delhi to get the owners of Gujarat-based Sterling Biotech group, who are charged in an alleged Rs. 8,100 crore bank loan fraud case, declared fugitive economic offenders under a new law, officials said.

27 Sep 2018

India
#PNBScam: Choksi gets time to reply to ED plea

A special court yesterday gave diamond jeweler Mehul Choksi, a key accused in PNB bank fraud case, time till October 30 to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under Fugitive Economic Offenders Act.

United Kingdom authorities confirm Nirav Modi is in UK

The United Kingdom authorities have confirmed that diamantaire Nirav Modi is in the UK. Further, it has been reported that the CBI has already filed a case for his extradition.

05 Aug 2018

India
President approves law deterring fugitive economic offenders from fleeing country

President Ram Nath Kovind has given assent to "Fugitive Economic Offenders Act, 2018" that deters fugitive economic offenders to evade legal process in India and flee the country.

29 Jul 2018

India
PNB scam aftermath: India's passport rules may undergo changes

The PNB scam exposed several loopholes in Indian laws that let defaulters like Nirav Modi and Mehul Choksi flee the country after looting over Rs. 12,000cr from banks.

02 Jul 2018

India
PNB Fraud case: Interpol issues Red Notice against Nirav Modi

Indian agencies are one step closer to nabbing Nirav Modi, the prime accused in a Rs. 13,400 crore fraud, after the Interpol issued a Red Corner Notice against him.

30 Jun 2018

Mumbai
Special court summons Vijay Mallya under Fugitive Economic Offenders Ordinance

A special PMLA court in Mumbai has summoned beleaguered liquor baron Vijay Mallya to appear before it on August 27 on Enforcement Directorate's plea seeking action against him under the Fugitive Economic Offenders Ordinance in the over Rs. 9,000cr bank fraud case.

22 Jun 2018

India
ED seeks fugitive-tag for Mallya; moves court to confiscate Rs.12,500cr-assets

Enforcement Directorate (ED) on Friday filed the first case under "Fugitive Economic Offender Ordinance" to declare Vijay Mallya a fugitive offender and to confiscate his assets worth Rs. 12,500cr (including movable and immovable properties).

18 Jun 2018

India
Nirav Modi still traveling on Indian passport despite revocation: Reports

Days after he travelled from London to Brussels, reports have claimed that embattled billionaire Nirav Modi made the journey on an Indian passport.

14 Jun 2018

Narendra Modi
After fresh-speculation on whereabouts, Nirav Modi flees to Brussels: Reports

Days after reports surfaced that embattled diamantaire Nirav Modi is in UK, he's understood to have fled to Brussels.

11 Jun 2018

Narendra Modi
Embattled billionaire Nirav Modi seeking political asylum in UK: Reports

Billionaire diamantaire Nirav Modi has headed to the UK seeking asylum alleging "political persecution" in India, the latest reports claim.

23 May 2018

London
Is the net finally closing in around Nirav Modi?

The Enforcement Directorate has provisionally attached Rs. 170cr worth of assets belonging to Nirav Modi in connection with the Rs. 13,400cr PNB scam.

25 Apr 2018

Vijay Mallya
Under new-law, Mallya, Modi, Choksi's assets might be seized soon

The recent Fugitive Economic Offenders Ordinance has given new teeth to the Enforcement Directorate (ED), which has moved swiftly to seize assets of Vijay Mallya, Nirav Modi and Mehul Choksi.

10 Mar 2018

India
Passport details made mandatory for Rs. 50cr+ loans

Following several high profile cases of economic offenders leaving the country, the government has made it mandatory for borrowers looking for loans above Rs. 50cr to submit their passport details to banks.

07 Mar 2018

West Bengal
Budget Session: No work and only protests dominate Parliament

Proceedings continue to be stalled in Parliament on day 3 of the Budget session.

05 Mar 2018

India
Budget session stormed by Nirav Modi, Karti Chidambaram issues

The second part of the budget session began today on a stormy note, with the ruling and opposition parties training their guns on each other over major corruption scandals.

01 Mar 2018

Nirav Modi
Cabinet clears Fugitive Economic Offenders Bill for confiscating fugitives' assets

The Union Cabinet has approved a stringent Fugitive Economic Offenders Bill that provides for confiscating assets without conviction in cases where economic offenders flee the country.

19 May 2017

India
Centre drafts Fugitive Economic Offenders Bill

In a move to punish high-profile defaulters and economic offenders who flee the country to avoid legal proceedings, the Centre has drafted the Fugitive Economic Offenders Bill.