Fugitive Economic Offender Current Affairs, GK & News
UK Home Secretary approves extradition of Vijay Mallya to India
The UK home secretary has ordered the extradition of Vijay Mallya over allegations of £1bn fraud. The UK home secretary noted that Vijay Mallya, the first to be declared Fugitive Economic Offender is accused in India of conspiracy to defraud, making false representations and money laundering offences. The liquor baron is still defiant and he ..
Month: Current Affairs - February, 2019
Topics: Enforcement Directorate • Extradition • Fugitive Economic Offender • UK • Vijay Mallya
Vijay Mallya becomes first Indian business tycoon to be named “Fugitive Economic Offender (FEO)”
Former liquor baron Vijay Mallya has become the first Indian businessman to be declared a Fugitive Economic Offender (FEO) under the newly enacted Fugitive Economic Offenders Act of 2018 by the Special Prevention of Money Laundering Act (PMLA) court in Mumbai. The tag now allows the government to confiscate and sold his properties in alleged ..
Topics: Asset forfeiture • Crime • Fraud • Fugitive Economic Offender • Fugitive Economic Offenders Act • Fugitives • Kingfisher Airlines • Modi administration • Money Laundering • PMLA • Prevention of Money Laundering Act • Vijay Mallya
Vijay Mallya declared as Fugitive Economic Offender
The Prevention of Money Laundering (PMLA) court in Mumbai has declared Vijay Mallya as a Fugitive Economic Offender. Vijay Mallya is the first businessman to be charged under the new fugitive economic offender’s act 2018. Declaration of the Fugitive Economic Offender Vijay Mallya is declared as the Fugitive Economic Offender under the following provisions: According to ..
Month: Current Affairs - January, 2019
Category: Legal & Constitution Current Affairs
Topics: CLAT • Fugitive Economic Offender • Fugitive Economic Offenders Act 2018 • Prevention of Money Laundering Act 2002 • Vijay Mallya
Parliament passes Fugitive Economic Offenders Bill, 2018
Parliament has passed Fugitive Economic Offenders Bill, 2018 that aims to curb practice of evading criminal prosecution by economic offenders fleeing from country to evade clutches Indian law by remaining outside jurisdiction of Indian courts. The bill will replace an ordinance promulgated by President in April 2018. Key Features of Bill Fugitive economic offender (FEO): ..
Month: Current Affairs - July, 2018
Category: Legal & Constitution Current Affairs
Topics: Bills and Acts • CLAT • Fugitive Economic Offender • Fugitive Economic Offenders Bill • Special Courts
Lok Sabha passes Fugitive Economic Offenders Bill 2018 to attach & confiscate assets of defaulters
During the monsoon session of Parliament, the Lok Sabha passed the Fugitive Economic Offenders Bill 2018, which will empower authorities to attach and confiscate properties and assets of economic offenders like loan defaulters & fraudsters who flee the country. The bill will replace an ordinance promulgated by President Ram Nath Kovind in April 2018. It ..
Topics: Asset forfeiture • Crime • Fraud • Fugitive Economic Offender • Fugitive Economic Offenders Act • Fugitives • Modi administration • Money Laundering • Scheduled offence