THE FUGITIVE ECONOMIC OFFENDERS BILL – 2018 IS BEING DRAFTED TO CHECK THE BAD DEBTS AND TO RECOVER THE LOAN AMOUNT

The Central government may soon bring in the Fugitive Economic Offenders Bill, which proposes confiscation of assets of those who flee the country to evade prosecution or refuse to return, in cases involving more than ₹100 crore. The proposed law assumes significance in view of the reports about major bank frauds. A draft of the … Continue reading THE FUGITIVE ECONOMIC OFFENDERS BILL – 2018 IS BEING DRAFTED TO CHECK THE BAD DEBTS AND TO RECOVER THE LOAN AMOUNT