Which of the following statements is/are correct with reference to the Fugitive Economic Offenders Bill, 2018?
A. India’s Fugitive Economic Offenders Act 2018 law empowers authorities for non-conviction-based attachment and confiscation of proceeds of crime and properties and assets of a ‘fugitive economic offender’
B. It proposes to establish a special court under the Prevention of Money-laundering Act, 2002.
C. Both A & B
D. None of these
Explanation:
India has made it clear that the world is presently combatting another serious emerging challenge of Fugitive Economic Offenders and Assets which flee across national jurisdictions. Union Minister Dr Jitendra Singh addressed the Special Session of the UN General Assembly on international cooperation to combat the challenge of Fugitive Economic Offenders and Assets. India’s Fugitive Economic Offenders Act 2018 law empowers authorities for non-conviction-based attachment and confiscation of proceeds of crime and properties and assets of a ‘fugitive economic offender’ –against whom a warrant for arrest in relation to a Scheduled Offence has been issued by any court in India and who has left the country to avoid criminal prosecution or judicial processes. It proposes to establish a special court under the Prevention of Money-laundering Act, 2002.
