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Fugitive Economic Offenders Act News

08 Jul 2020

PNB fraud case: ED seizes Rs 329 cr assets of Nirav Modi in India, UAE, UK

Nirav Modi and his uncle Mehul Choksi, among others, are being probed by the ED on money laundering charges in connection with alleged bank fraud of Rs 14,000 crore at PNB branch in Mumbai.

07 Jan 2019

Govt keen to bring 'fugitive' Vijay Mallya back before 2019 polls

Vijay Mallya, who has been accused of defaulting on loan repayments worth Rs 9,000 crore and money laundering, is the first businessman to be declared an FEO under the Fugitive Economic Offenders Act.

05 Jan 2019

Feather in govt's cap in fight against graft: BJP after Mallya named fugitive

Mallya, accused of defaulting on loan repayments and money laundering, is the first businessman to be declared an FEO under the Fugitive Economic Offenders Act which came into existence in August last year.

05 Jan 2019

Vijay Mallya declared fugitive economic offender

Special PMLA Court refused his application to stay the order to give him some time to appeal.

Fugitive Economic Offenders Act

05 Aug 2018

President gives assent to law deterring economic offenders from fleeing India

President Ram Nath Kovind has given assent to a law that will deter fugitive economic offenders to evade legal process in India and flee the country. A fugitive economic offender is any individual against whom warrants for arrest is issued for his involvement in select economic offences involving amount of at least Rs 100 crore or more and has left India so as to avoid criminal prosecution.

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