Finance:Fugitive Economic Offenders Bill

The Fugitive Economic Offenders Bill, 2018 was introduced in the Lok Sabha, the lower house of the Parliament of India, on 12 March 2018. It seeks to confiscate properties and assets of economic offenders that evade prosecution by remaining outside the jurisdiction of Indian courts. Economic offences with a value of more than Rs 100 crores, which are listed in the schedule of the Fugitive Economic Offenders Bill, come under the purview of this law. As per the Bill, a court (‘Special Court’ under the Prevention of Money Laundering Act, 2002) has to declare a person as a Fugitive Economic Offender. On 25 July 2018, the Parliament passed the bill.

See also

• List of Acts of the Parliament of India