fugitive economic offenders act

New Delhi, March 30 – The Enforcement Directorate has investigated 1,105 cases of bank fraud under the Prevention of Money Laundering Act (PMLA) and has attached assets worth ₹64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday.She also said that action had been...

New Delhi, March 30 The Enforcement Directorate has investigated 1,105 cases of bank fraud under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday.In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act...

Mumbai, March 5 A special court here has issued notices to Nirav Modi's absconding brothers, Neeshal and Nehal, asking them to explain why they should be officially declared "fugitive economic offenders" (FEO) in the Punjab National Bank (PNB) fraud case.The notices were issued to Neeshal and...

New Delhi, February 27 Rashid Naseem, an economic offender who was on the run and wanted in connection with an alleged investment fraud in Uttar Pradesh, has been arrested in Dubai, officials said on Friday.The Enforcement Directorate (ED) had obtained an Interpol Red Notice to facilitate his...

New Delhi, February 27 Rashid Naseem, an economic offender who was on the run and the subject of an alleged investment fraud case filed by the Enforcement Directorate in Uttar Pradesh, has been arrested in the UAE, officials said on Friday.A Special PMLA (Prevention of Money Laundering Act)...

Mumbai, February 18 Fugitive businessman Vijay Mallya informed the Bombay High Court on Wednesday that he is unable to provide a definite timeline for his return to India, citing the revocation of his passport and also being legally barred from leaving the UK.A statement from Mallya was...

Mumbai, February 18 Vijay Mallya, a businessman who has been accused of fraud and money laundering, told the Bombay High Court on Wednesday that he cannot say when he will return to India, as he is legally prohibited from leaving the UK.In a statement submitted through his lawyer, Amit Desai...

Mumbai, February 12 The Bombay High Court reiterated on Thursday its stance that it would not consider the petition filed by the fugitive businessman Vijay Mallya, challenging the provisions of the Fugitive Economic Offenders (FEO) Act, until he returns to India. A bench of Chief Justice Shree...

New Delhi, February 11 The Enforcement Directorate said on Wednesday that Interpol has issued a Silver Notice against the promoter of a Delhi-based rice company, who was recently declared a fugitive economic offender, in connection with an alleged Rs 1,200 crore bank loan fraud case.The notice...