Fugitive Economic Offenders Law
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Court Issues Notice To Iqbal Mirchi's Family Under Fugitive Economic Offenders Law: Probe Agency
A special PMLA court in Mumbai has issued notices to three family members of late gangster Iqbal Mirchi under the fugitive economic offenders law, the Enforcement Directorate said on Thursday.
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Nirav Modi Declared Fugitive Economic Offender By Special Court In Mumbai
Nirav Modi has been declared a fugitive economic offender by a Mumbai court, becoming the second person, after Vijay Mallya, to be charged under the law
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Probe Uncovers How Illicit Funds Are Still Reaching Vijay Mallya: Report
The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugitive liquor baron Vijay Mallya by his India-based "close associate" with the help of shell companies, official sources said on Monday, stating that the investigation in the multi-crore bank fraud case has widened.
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"Draconian": Vijay Mallya On His Properties Being Seized Under New Law
Fugitive businessman Vijay Mallya Monday told the Bombay High Court that confiscation of his properties under the newly-enacted Fugitive Economic Offenders Act (FEOA) was draconian and it will not help the creditors.
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Vijay Mallya First Tycoon To Be Named "Fugitive Economic Offender"
Vijay Mallya became the first tycoon to be charged under a new anti-fraud law, with a court in Mumbai today naming him as an offender under the Fugitive Economic Offenders Act, 2018. The anti-corruption court was hearing an application by the Enforcement Directorate, seeking a direction to declare Mr Mallya a fugitive economic offender.
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Vijay Mallya Case Under New Fugitive Law To Be Heard Next On September 3
A special court in Mumbai today fixed September 3 as the next date of hearing in the Vijay Mallya fugitive economic offender declaration case as some other parties have sought to implead themselves in the matter pertaining to the alleged default of over Rs 9,000 crore bank loans, officials said.
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Economic Offenders Will Not Be Able To Flee Country. Here's Why
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.
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Court Summons Nirav Modi, Mehul Choksi Under New Fugitive Offender Law
A PMLA court in Mumbai today summoned diamond jeweller Nirav Modi and his uncle Mehul Choksi to appear before it on September 25 and 26 respectively on the Enforcement Directorate's plea seeking action against them under the new fugitive economic offenders law in the alleged USD 2 billion PNB bank fraud case, officials said.
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Vijay Mallya First Person To Be Booked Under New Anti-Financial Fraud Law
The Enforcement Directorate has filed a prosecution complaint or a supplementary charge-sheet against liquor baron Vijay Mallya under the Fugitive Economic Offenders Act. The document has been filed before a special court under the provisions of the Prevention of Money Laundering Act (PMLA), naming the defunct Kingfisher Airlines, UBHL (United Brew...
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Government Notifies Rules To Operationalise Fugitive Economic Offenders Law
Showing urgency in dealing with absconding loan defaulters, the government has come out with a series of rules to operationalise the fugitive economic offenders law, for which an ordinance was promulgated by the President last week.
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Fugitive Economic Offenders Ordinance Comes Into Force: 5 Things You Should Know
Scheduled offences worth Rs 100 crore or more will come under the purview of the Fugitive Economic Offenders Ordinance
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Finance Minister Arun Jaitley's Briefing On Fugitive Economic Offenders Bill: Highlights
The Union Cabinet has approved Fugitive Economic Offenders Bill to deal with those escaping overseas to avoid being brought to book. The proposed law aims to impound and sell assets of economic offenders like Nirav Modi who left the country and refuse to cooperate with law enforcement agencies. The move will allow quicker recovery of dues through a...
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Tough Law To Deal With Fugitive Economic Offenders Gets Cabinet Nod: 10 Points
A proposed law to help choke fugitives involved in major economic offences has been cleared by the government, amid investigations into a massive bank scam involving jewellery billionaires who have left the country. The Fugitive Economic Offenders Bill will help the government seize properties of those involved in fraud worth more than Rs 100 crore...
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Draft Bill On Fugitive Economic Offenders Okayed; Here's What It Means
The proposed law will be applicable in cases where the value of offences is over Rs 100 crore.
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Court Issues Notice To Iqbal Mirchi's Family Under Fugitive Economic Offenders Law: Probe Agency
A special PMLA court in Mumbai has issued notices to three family members of late gangster Iqbal Mirchi under the fugitive economic offenders law, the Enforcement Directorate said on Thursday.
-
Nirav Modi Declared Fugitive Economic Offender By Special Court In Mumbai
Nirav Modi has been declared a fugitive economic offender by a Mumbai court, becoming the second person, after Vijay Mallya, to be charged under the law
-
Probe Uncovers How Illicit Funds Are Still Reaching Vijay Mallya: Report
The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugitive liquor baron Vijay Mallya by his India-based "close associate" with the help of shell companies, official sources said on Monday, stating that the investigation in the multi-crore bank fraud case has widened.
-
"Draconian": Vijay Mallya On His Properties Being Seized Under New Law
Fugitive businessman Vijay Mallya Monday told the Bombay High Court that confiscation of his properties under the newly-enacted Fugitive Economic Offenders Act (FEOA) was draconian and it will not help the creditors.
-
Vijay Mallya First Tycoon To Be Named "Fugitive Economic Offender"
Vijay Mallya became the first tycoon to be charged under a new anti-fraud law, with a court in Mumbai today naming him as an offender under the Fugitive Economic Offenders Act, 2018. The anti-corruption court was hearing an application by the Enforcement Directorate, seeking a direction to declare Mr Mallya a fugitive economic offender.
-
Vijay Mallya Case Under New Fugitive Law To Be Heard Next On September 3
A special court in Mumbai today fixed September 3 as the next date of hearing in the Vijay Mallya fugitive economic offender declaration case as some other parties have sought to implead themselves in the matter pertaining to the alleged default of over Rs 9,000 crore bank loans, officials said.
-
Economic Offenders Will Not Be Able To Flee Country. Here's Why
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.
-
Court Summons Nirav Modi, Mehul Choksi Under New Fugitive Offender Law
A PMLA court in Mumbai today summoned diamond jeweller Nirav Modi and his uncle Mehul Choksi to appear before it on September 25 and 26 respectively on the Enforcement Directorate's plea seeking action against them under the new fugitive economic offenders law in the alleged USD 2 billion PNB bank fraud case, officials said.
-
Vijay Mallya First Person To Be Booked Under New Anti-Financial Fraud Law
The Enforcement Directorate has filed a prosecution complaint or a supplementary charge-sheet against liquor baron Vijay Mallya under the Fugitive Economic Offenders Act. The document has been filed before a special court under the provisions of the Prevention of Money Laundering Act (PMLA), naming the defunct Kingfisher Airlines, UBHL (United Brew...
-
Government Notifies Rules To Operationalise Fugitive Economic Offenders Law
Showing urgency in dealing with absconding loan defaulters, the government has come out with a series of rules to operationalise the fugitive economic offenders law, for which an ordinance was promulgated by the President last week.
-
Fugitive Economic Offenders Ordinance Comes Into Force: 5 Things You Should Know
Scheduled offences worth Rs 100 crore or more will come under the purview of the Fugitive Economic Offenders Ordinance
-
Finance Minister Arun Jaitley's Briefing On Fugitive Economic Offenders Bill: Highlights
The Union Cabinet has approved Fugitive Economic Offenders Bill to deal with those escaping overseas to avoid being brought to book. The proposed law aims to impound and sell assets of economic offenders like Nirav Modi who left the country and refuse to cooperate with law enforcement agencies. The move will allow quicker recovery of dues through a...
-
Tough Law To Deal With Fugitive Economic Offenders Gets Cabinet Nod: 10 Points
A proposed law to help choke fugitives involved in major economic offences has been cleared by the government, amid investigations into a massive bank scam involving jewellery billionaires who have left the country. The Fugitive Economic Offenders Bill will help the government seize properties of those involved in fraud worth more than Rs 100 crore...
-
Draft Bill On Fugitive Economic Offenders Okayed; Here's What It Means
The proposed law will be applicable in cases where the value of offences is over Rs 100 crore.
