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Government invites comments / suggestions of all stakeholders concerned / public at large on the Draft Fugitive Economic Offenders Bill 2017

News and Press Release - Dated:- 18-5-2017 - It is widely felt that the spectre of high-value economic offenders absconding from India to defy the legal process seriously undermines the rule of law in India. It is, therefore, felt necessary to provide an effective, expeditious and constitutionally permissible deterrent to ensure that such actions are curbed. In view of the above context, a Budget Announcement was made by the Government in the Budget 2017-18 that the Government is considering to .....

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ive changes, or even a new law, to confiscate the assets of such persons located within the country, till they submit to the jurisdiction of the appropriate legal forum. Needless to say that all necessary constitutional safeguards will be followed in such cases. Pursuant to the above Budget Announcement, a draft law, known as The Fugitive Economic Offenders Bill, 2017 has been prepared. A copy of the Draft Bill along with an Explanatory Note explaining the key legal provisions of the Bill are al .....

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