Monsoon Session: Fugitive Economic Offenders Bill 2018 passed in RS

Parliament
Parliament

New Delhi, July 25: The Rajya Sabha on Wednesday passed the Fugitive Economic Offenders Bill 2018. 

According to the Bill, a person can be declared as a fugitive economic offender (FEO) if an arrest warrant is issued against him for any specified offences involving more than Rs 100 crore and he has fled to any other country and refuses to return to face prosecution.

To declare a person an FEO, an application will be filed in a Special Court designated under the Prevention of Money-Laundering Act, 2002.

The bill was introduced by  Union Finance Minister Piyush Goyal.

Addressing the Rajya Sabha, Goyal said: “The Fugitive Economic Offenders Bill 2018 seeks to lay down measures to empower Indian authorities to attach and confiscate proceeds associated with crime, scheduled economic offences and the properties of such fugitives who run away from the country”.

The Congress moved a privilege motion notice against Prime Minister Narendra Modi and Defence Minister Nirmala Sitharaman in the Lok Sabha on Tuesday.

Mallikarjun Kharge moved a privilege motion against the Prime Minister, and Jyotiraditya Scindia moves a privilege motion against Defence Minister Nirmala Sitharaman, the Hindu reported.

Responding to this Speaker Sumitra Mahajan said the motions are under consideration.

Yesterday, the Prevention of Corruption (Amendment) Bill was passed in the Lok Sabha and the Rajya Sabha held discussions on the Andhra Pradesh Re-organisation Act of 2014.

WeForNews 

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