Tag: Economic Offenders

Notifications putting reward on the heads of three wanted fugitives was issued by the Economic Offences Wing (EOW) of the Odisha Crime Branch on Monday

New Delhi: The operation to bring back “high-value” economic offenders from the West Indies is likely to be concluded by Tuesday (January 29), sources have confirmed. The mission involving a long-haul Air India jet, which has been pulled out of the fleet, will carry a team of investigating officers tasked to get hold of the […]

New Delhi: In a bid to bring back defaulters of huge bank loans who escape to refuges abroad, the Union Cabinet on Saturday approved an ordinance that would provide for attachment and confiscation of the properties of the economic offenders. The decision to issue The Fugitive Economic Offenders Ordinance, 2018 was taken at a meeting […]

New Delhi: In a bid to deal with economic offenders like liquor baron Vijay Mallya, who flee the country to escape the legal process, the government on Thursday said it has prepared a draft legislation to enable confiscation of their assets. The draft law — Fugitive Economic Offenders Bill, 2017 — has been prepared and […]