Economic offenders

Gangster Iqbal Mirchi's family declared fugitive economic offenders: ED officials

They said that the court of Additional Sessions Judge AA Nandgaonkar declared the three as fugitive economic offenders under section 12 of the Fugitive Economic Offenders Act of 2018.

published on : 26th February 2021

ED moves court to get Iqbal Mirchi's family declared as fugitive economic offenders

The central probe agency said in a statement that the application also seeks confiscation of their assets as envisaged under the law.

published on : 4th December 2020

President Ram Nath Kovind nod to Bill to deter fugitive economic offenders from fleeing country

The new legislation will prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the law.

published on : 5th August 2018

Nirav Modi, Choksi summoned by the court under new fugitive offender law

Non-bailable warrants were issued against the two, while an Interpol 'red corner' arrest warrant was issued against them on the request of the ED.

published on : 26th July 2018

Parliament passes Fugitive Economic Offenders Bill

The opposition, however, attacked the government for lacking will to stop such defaulters despite having several laws.

published on : 26th July 2018

Nirav Modi scam: PNB, Allahabad Bank boards may decide on further action against senior officials

Soon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decided to divest two executive directors of all powers.

published on : 22nd July 2018

ED seeks 'fugitive offender' tag for Vijay Mallya in first case under new legislation, seeks to confiscate assets worth Rs 12,500 crore

The ordinance makes provisions for special courts under the Prevention of Money Laundering Act, 2002 to declare a person as a fugitive economic offender and order immediate confiscation of assets.

published on : 22nd June 2018

Centre to present fugitive economic offenders bill, says Home Minister Rajnath Singh

Rajnath Singh on Friday announced that the Centre will be presenting a fugitive economic offenders bill before the Parliament, to prevent economic offenders from fleeing abroad.

published on : 21st April 2018

Economic offenders in Prime Minister’s Office sending wrong signals: Andhra Pradesh CM Chandrababu Naidu

Recalling several speculations that the NDA government would accord Special Category Status to AP if YSRC MPs resigned, he wondered what mistake the TDP had committed when it was in NDA.

published on : 17th March 2018

Centre okayed Fugitive Economic Offenders Bill to 'divert attention': Congress

Congress leader Anand Sharma called Karti Chidambaram’s arrest in the INX media case as an ‘act of revenge.’

published on : 2nd March 2018

Cabinet approves Fugitive Economic Offenders Bill 2018 to impound properties of Nirav Modi-type defaulters

The proposed law aims to impound and sell assets of fugitives like diamond merchant Nirav Modi and Vijay Mallya with a view to quickly recover dues.

published on : 1st March 2018