Question
Download Solution PDFThe Fugitive Economic Offenders Act was passed in the year ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 2018.
Key Points
- Fugitive Economic Offenders Act was passed in the year 2018.
- Empowers any special court to confiscate all properties and assets of economic offenders who are charged with offences measuring over INR 100 crores and Evading prosecution by remaining outside the jurisdiction of Indian courts.
- This act seeks to confiscate the properties of offenders who have left the country to avoid facing criminal prosecution.
- The person will be required to appear at a specified place(as ordered by The Special Court) at least six weeks from the issue of notice.
- The Special Court was designated under the Prevention of Money-Laundering Act, 2002.
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