The proposed regulation will be relevant in situations the place the worth of offenses is round Rs one hundred crore.
Previously the Finance Minister Arun Jaitley in 2017-18 Price range speech has announced that legislative adjustments or perhaps a new legislation to confiscate the property of such fugitives.
It seeks to discourage economic offenders from evading the plan of action of Indian legislation by fleeing the nation.
Government proposes Draft Bill on Fugitive Financial Offenders
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