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”’The Fugitive Economic Offenders Act, 2018”’ is an Indian law that empowers any special court (set up under the [[Prevention of Money Laundering Act, 2002]]) to confiscate all properties and assets of economic offenders who are charged in offences exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.<ref>{{cite web|title=PRS {{!}} Bill Track {{!}} The Fugitive Economic Offenders Bill, 2018|url=http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|website=prsindia|access-date=1 May 2018|language=en|archive-date=1 May 2018|archive-url=https://web.archive.org/web/20180501161530/http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|url-status=dead}}</ref> The bill for the act was introduced in the [[Lok Sabha]] on 12 March 2018 and passed on 25 July 2018.<ref>{{cite news |last1=Nair |first1=Remya |title=Bill to help government bring back fugitive economic offenders gets Parliament’s nod |url=https://www.livemint.com/Companies/8aCSuw8KM0grxRcaHJeKoN/Parliament-passes-Fugitive-Economic-Offenders-Bill-2018.html |access-date=30 July 2018 |work=Mint |date=25 July 2018}}</ref> The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court. |
”’The Fugitive Economic Offenders Act, 2018”’ is an Indian law that empowers any special court (set up under the [[Prevention of Money Laundering Act, 2002]]) to confiscate all properties and assets of economic offenders who are charged in offences exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.<ref>{{cite web|title=PRS {{!}} Bill Track {{!}} The Fugitive Economic Offenders Bill, 2018|url=http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|website=prsindia|access-date=1 May 2018|language=en|archive-date=1 May 2018|archive-url=https://web.archive.org/web/20180501161530/http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|url-status=dead}}</ref> The bill for the act was introduced in the [[Lok Sabha]] on 12 March 2018 and passed on 25 July 2018.<ref>{{cite news |last1=Nair |first1=Remya |title=Bill to help government bring back fugitive economic offenders gets Parliament’s nod |url=https://www.livemint.com/Companies/8aCSuw8KM0grxRcaHJeKoN/Parliament-passes-Fugitive-Economic-Offenders-Bill-2018.html |access-date=30 July 2018 |work=Mint |date=25 July 2018}}</ref> The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court. |
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The bill has been subject to mixed reception among legal commentators.<ref>{{Cite web|url=https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill|title=Running Argument : The flaws in the draft Fugitive Economic Offenders Bill|last=Sekhri|first=Abhinav|date=August 2017|website=[[The Caravan]]|language=en|url-access=subscription|access-date=2020-01-21}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/fugitive-economic-offenders-bill-are-we-nation-of-more-laws-and-no-action-118072800747_1.html|title=Fugitive Economic Offenders Bill: Are we nation of more laws and no action?|last=Tankha|first=Vivek|date=2018-07-28|work=Business Standard|access-date=2020-01-21}}</ref> |
The bill has been subject to mixed reception among legal commentators.<ref>{{Cite web|url=https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill|title=Running Argument : The flaws in the draft Fugitive Economic Offenders Bill|last=Sekhri|first=Abhinav|date=August 2017|website=[[The Caravan]]|language=en|url-access=subscription|access-date=2020-01-21}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/fugitive-economic-offenders-bill-are-we-nation-of-more-laws-and-no-action-118072800747_1.html|title=Fugitive Economic Offenders Bill: Are we nation of more laws and no action?|last=Tankha|first=Vivek|date=2018-07-28|work=Business Standard|access-date=2020-01-21}}</ref> |
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Latest revision as of 01:53, 8 October 2025
| The Fugitive Economic Offenders Act, 2018 | |
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| Citation | Act No. 17 of 2018 |
| Territorial extent | India |
| Passed by | Lok Sabha |
| Passed | 19 July 2018 |
| Passed by | Rajya Sabha |
| Passed | 25 July 2018 |
| Assented to | 31 July 2018 |
| Bill title | The Fugitive Economic Offenders Bill, 2018 |
| Bill citation | Bill No. 79 of 2018 |
| Introduced by | Arun Jaitley |
| Introduced | 12 March 2018 |
| Status: In force | |
The Fugitive Economic Offenders Act, 2018 is an Indian law that empowers any special court (set up under the Prevention of Money Laundering Act, 2002) to confiscate all properties and assets of economic offenders who are charged in offences involving sums exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.[1] The bill for the act was introduced in the Lok Sabha on 12 March 2018 and passed on 25 July 2018.[2] The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court.
The bill has been subject to mixed reception among legal commentators.[3][4]
