Fugitive Economic Offenders Act, 2018

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The Fugitive Economic Offenders Act, 2018
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Parliament of India

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Citation
Territorial extent

India

Enacted by
Passed

19 July 2018

Enacted by
Passed

25 July 2018

Assented to

31 July 2018

Legislative history
Status: In force

The Fugitive Economic Offenders Act, 2018 empowers any special court (set up under the Prevention of Money Laundering Act, 2002) to confiscate all properties and assets of economic offenders who are charged in offences measuring over INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.[1] The bill for the act was introduced in the Lok Sabha on 12 March 2018 and passed on 25 July 2018.[2]

The bill has been subject to mixed reception among legal commentators.[3][4]

See also

References

  1. "PRS | Bill Track | The Fugitive Economic Offenders Bill, 2018". prsindia. Retrieved 1 May 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. Nair, Remya (25 July 2018). "Bill to help government bring back fugitive economic offenders gets Parliament's nod". Mint. Retrieved 30 July 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. Sekhri, Abhinav (August 2017). "Running Argument : The flaws in the draft Fugitive Economic Offenders Bill". The Caravan. Retrieved 21 January 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. Tankha, Vivek (28 July 2018). "Fugitive Economic Offenders Bill: Are we nation of more laws and no action?". Business Standard India. Retrieved 21 January 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>