Fugitive Economic Offenders Bill (Feob), 2018

  • President of India recently gave his assent to the Fugitive Economic Offenders Bill (FEOB) ,2018.
  • The Act allows for a person to be declared as a fugitive economic offender (FEO) if:
    • an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and
    • he has left the country and refuses to return to face prosecution.
  • It extends not only to loan defaulters and fraudsters, but also to individuals who violate laws governing taxes, black money, benami properties and financial corruption.
  • The implementing agency at apex, for this law will be the Enforcement Directorate (ED).
  • To declare ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Indian Polity And Governance