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Showing posts with label Fugitive Economic Offenders Ordinance. Show all posts
Showing posts with label Fugitive Economic Offenders Ordinance. Show all posts

Cabinet Approves Promulgation Of Fugitive Economic Offenders Ordinance

The Union Cabinet approved the promulgation of the Fugitive Economic Offenders Ordinance 2018, which would empower the government to seize the domestic assets of those deemed by a relevant court to be fugitive economic offenders.The Ordinance has a provision for a ‘Special Court’ under the Prevention of Money-laundering Act, 2002 to declare a person as a Fugitive Economic Offender.