All assets of economic offenders fleeing country will be seized: FM

March 01, 2018 19:19

Union Finance Minister Arun Jaitley speaks on Fugitive Economic Offenders Bill:

- Courts may declare anyone fugitive if he flees the country to avoid arrest in a scheduled offence where arrest warrant has been issued.

- All assets, not just proceeds of crime, will be confiscated of an offender fleeing the country; offender cannot pursue any civil case.

The FM informed that the cabinet has also cleared National Financial Reporting Authority. -- PTI

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