Question
Download Solution PDFThe Fugitive Economic Offenders Act, 2018, which has come into force on the 21st of April 2018, extends to:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Whole of India.
Key Points
- The Fugitive Economic Offenders Act, 2018 was introduced as a means to deter economic offenders from evading the Indian legal system and fleeing the country.
- The Act allows for the attachment and confiscation of the properties of an individual who is declared a fugitive economic offender.
- The Act also establishes a special court to deal with such cases.
- The Act applies to any individual who has committed an offence involving an amount of Rs 100 crore or more and has fled the country to avoid prosecution.
- The Fugitive Economic Offenders Act, 2018, which has come into force on the 21st of April 2018, extends to whole of India.
- The Fugitive Economic Offenders Act, 2018 is an important tool in combating economic offences and ensuring that offenders are held accountable for their actions.
- On March 12, 2018, the Fugitive Economic Offenders Act's bill was introduced in the Lok Sabha, and on July 25, 2018, it was passed.
- The Act also allows for the provisional attachment of all of the offender's assets and their ultimate confiscation upon the Special Court's designation of the offender as a fugitive economic offender.
Last updated on Jul 18, 2025
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