E-PaperFugitive Economic Offender News
Vijay Mallya declared a ‘fugitive economic offender’by PMLA court
The Enforcement Directorate filed an application before the special court in Mumbai requesting Mallya to be declared as fugitive offender
2 min read5 Jan 2019Supreme Court refuses to stay ED proceedings against Vijay Mallya
The ED had filed an application in July seeking the 'fugitive economic offender' tag for Vijay Mallya under the Fugitive Economic Offenders' Act, 2018
1 min read7 Dec 2018Sebi overhauls settlement rules, introduces confidentiality clause
Sebi will not settle proceeding in case the alleged default has market wide impact, caused losses to a large number of investors, or affected integrity of the market
3 min read3 Dec 2018G20 summit: India presents 9-point agenda on fugitive economic offenders
India pitches for effective freezing of the proceeds of crime and early return of offenders among key points of the agenda
1 min read1 Dec 2018Vijay Mallya gets 3 weeks to file reply on ED’s plea
ED has sought confiscation of about 12,500 crore worth of assets of Vijay Mallya, of which it has already taken possession of assets worth over 8,050 crore
2 min read3 Sep 2018Is Mallya a fugitive economic offender? Court fixes September 3 as next date of hearing
At least five parties had sought court documents with regard to the Enforcement Directorate seeking to get Mallya declared a fugitive economic offender
2 min read27 Aug 2018PNB fraud case: Nirav Modi, family get notices to appear under Fugitives Act
In case they failed to appear, their assets will be confiscated under the Fugitive Economic Offenders Act
2 min read11 Aug 2018Govt panel suggests amending Passport Act to prevent borrowers from fleeing country
If suggestions are accepted, it will be a step towards ensuring large borrowers are held accountable for defaulting loans
2 min read7 Aug 2018Fugitive Economic Offenders Bill gets president’s assent
A fugitive economic offender is an individual who has committed a fraud of at least 100 crore and has left India so as to avoid criminal prosecution
2 min read5 Aug 2018PNB fraud: PMLA court issues fresh summons to Nirav Modi, Mehul Choksi
While the court has asked Nirav Modi to appear before it on 25 September, Mehul Choksi has been asked to appear on 26 September
1 min read26 Jul 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared