Articles about Fugitive Economic Offenders Bill
05 Jan 2019Mumbai
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 2018Enforcement Directorate (ED)
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 2018India
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.
20 Aug 2018Central Bureau Of Investigation (CBI)
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 2018India
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 2018India
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 2018India
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 2018Mumbai
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 2018India
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 2018India
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 2018Narendra Modi
Days after reports surfaced that embattled diamantaire Nirav Modi is in UK, he's understood to have fled to Brussels.
11 Jun 2018Narendra Modi
Billionaire diamantaire Nirav Modi has headed to the UK seeking asylum alleging "political persecution" in India, the latest reports claim.
25 Apr 2018Vijay Mallya
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 2018India
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 2018West Bengal
Proceedings continue to be stalled in Parliament on day 3 of the Budget session.
05 Mar 2018India
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 2018Nirav Modi
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.