fugitive economic offender

PNB scam accused Nirav Modi opposes plea to declare him fugitive economic offender

In July 2018, the central agency filed an application under the newly-promulgated Fugitive Economic Offenders (FEO) Act to declare Modi a fugitive economic offender.

published on : 27th September 2019

ED to invoke Fugitive Economic Offenders Act against Zakir Naik

After a person is declared a 'fugitive economic offender', the prosecuting agency is vested with the power to confiscate all his assets and properties to recover the dues.

published on : 19th September 2019

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

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

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