India

27 economic offenders fled India in last 5 yrs

PTI

New Delhi: Twenty-seven defaulting businessmen and economic offenders have fled the country in the last five years, Parliament was informed Friday. Interpol has been approached to issue red corner notices (RCNs) against 20 persons out of these 27, Minister of State for Finance Shiv Pratap Shukla said in a written reply in Lok Sabha.
 
He further said Interpol has already issued RCN against eight persons who have fled the country and extradition requests have been sent in case of six. 

As per the Directorate of Enforcement (ED), applications under Fugitive Economic Offenders Act, 2018 have been filed against seven persons out of these 27, the minister said. 

Shukla informed the House that Westminster Magistrates' Court in London has recommended extradition of Vijay Mallya from the UK to India.
 
The government, he said, has also advised the public sector banks to obtain a certified copy of passport of promoters/directors and other authorised signatories of companies availing loan facilities of more than Rs 50 crore.

Enjoyed reading The Bridge Chronicle?
Your support motivates us to do better. Follow us on Facebook, Instagram and Twitter to stay updated with the latest stories.
You can also read on the go with our Android and iOS mobile app.

What is TTS, a Rare Condition Caused By Covishield Vaccine

Why Do We Celebrate Maharashtra Day and Gujarat Day On May 1? Here's All You Need To Know

Marathi Actor Swapnil Joshi turns producer with Praksh Mokashi's next, “Nach ga Guma”

Election Commission of India, playing by the book or letting the players loose

Pune Weekend Guide: Ideas To Unleash Your Creativity and Beat Stress

SCROLL FOR NEXT