Friday, 20 July 2018

LOK SABHA PASSED FUGITIVE ECONOMIC OFFENDERS BILL TO NAIL ECONOMIC OFFENDERS

The Lok Sabha passed the Fugitive Economic Offenders Bill, 2018, which aims to prevent perpetrators of major financial frauds from fleeing the country. The Bill seeks to strengthen the norms to ensure that wilful defaulters like Vijay Mallaya, Nirav Modi and Mehul Choksi cannot evade the legal process in future. The Bill would empower investigative agencies to seize even benami properties of the offenders, besides their legal assets.



DECCAN CHRONICLE NEWSPAPER


NEW INDIAN EXPRESS NEWSPAPER


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