Tag: Fugitive Economic Offenders Bill 2018

New Delhi: As the country struggles to bring back the main accused of multi-crore fraud committed in Punjab National Bank — diamond trader Nirav Modi and his uncle Mehul Choksi owner of Gitanjali Gems — the Cabinet on Thursday approved Fugitive Economic Offenders Bill 2018, which would facilitate action against such offenders. Finance Minister Arun […]

  New Delhi: President Ram Nath Kovind on Saturday night promulgated Fugitive Economic Offenders Ordinance that will allow the government to confiscate properties and assets of loan defaulters who flee the country. The president promulgated the Ordinance within hours of it being cleared by the Union Cabinet headed by Prime Minister Narendra Modi. The Fugitive […]