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Government To Seize Assets Of Future Vijay Mallyas, Nirav Modis As Fugitives Ordinance Cleared
21 Apr 2018, 08:11 PM IST i

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A special anti-money laundering court will declare a suspect fugitive before action is taken
Government authorities such as Central Bureau of Investigation (CBI) will be empowered to seize properties of super-rich fugitives whose economic offences or crimes involve sums over Rs 100 crore ($15 million) as the Union cabinet today approved a proposal to promulgate Fugitive Economic Offenders Ordinance 2018. The move comes as the country reels from a series of banking scandals, including a $2 billion fraud at state-run Punjab Na...
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