Parliament Passes Fugitive Economic Offenders Bill 2018

The Parliament approved a legislation to help the government bring back fugitives involved in white-collar crimes to stand trial in India. The fugitive Economic Offenders Bill, 2018 will become law after the President’s assent and will empower the government to seize both local and overseas assets of alleged offenders, such as Vijay Mallya, Nirav Modi and Mehul Choksi.
This will help the government confiscate properties of fugitives even before they are convicted. The bill also provides for confiscation of benami properties. ED will be the apex agency to implement the law. 
Source- The Livemint

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