Union Budget 2017: Law To Seize Assets Of 'Big Time Offenders' Who Flee The Country

Amid attempts by banks to recover crores in unpaid dues from liquor tycoon Vijay Mallya, Finance Minister Arun Jaitley said today that the government is considering a law to confiscate the assets of "big-time" economic offenders who leave the country to escape the law. "There have been instances of big time offenders fleeing the country to escape law. The government is considering legislative changes, and new law to confiscate asset...