Fugitive Economic Offender Act, 2018
Highlights of the Act
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
- (ii) He has left the 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) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person ....
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