Fugitive Economic Offenders Bill: News
05 Jan 2019
MumbaiMallya 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.
26 Oct 2018
Enforcement Directorate (ED)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.
05 Aug 2018
IndiaPresident 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
IndiaPNB 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.
30 Jun 2018
Enforcement Directorate (ED)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.
25 Apr 2018
Vijay MallyaUnder 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.
01 Mar 2018
Nirav ModiCabinet 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
IndiaCentre 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.
