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"MODI LAW AGAINST FUGITIVE ECONOMIC OFFENDERS, TO CONFISCATE WEALTH OF ABSCONDERS WHO LOOTED & FLED FROM INDIA TO FOREIGN COUNTRIES"
 
 
PRIYADARSHINI SIDDHARTHA REDDY
CHAIRMAN
BOARD OF EDITORS
 
  MODI LAW AGAINST FUGITIVE ECONOMIC OFFENDERS, TO CONFISCATE WEALTH OF ABSCONDERS WHO LOOTED & FLED FROM INDIA TO FOREIGN COUNTRIES  
 
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PM MODI BRINGS "FUGITIVE ECONOMIC OFFENDERS LAW"
Sample 1
MODI WILL CONFISCATE WEALTH OF ECONOMIC OFFENDERS

 By: PRIYADARSHINI SIDDHARTHA REDDY
 
 CHAIRMAN BOARD OF EDITORS
 politicsparty.com
 sidredbuzz@gmail.com
 02 March 2018
 

Prime Minister Narendra Modi is Creating through Parliament, the Historic New Law, against the Bank Loan Defaulters and the Economic Offenders.


Prime Minister Narendra Modi is creating the New Law, to Recover Government and Banks Money Looted by Economic Offenders.


Prime Minister Narendra Modi is creating the New Law, to Punish the Economic Offenders who have become Fugitives, as they have Fled Out of India to Foreign Safe-Havens, to Avoid Repay Of Loot and to Prevent Arrest-Prosecution.


Prime Minister Narendra Modi got the Cabinet Approval for the “Fugitive Economic Offenders Bill” to be made into the Law, in 2018 March-April One Month Session of Parliament.


Prime Minister Narendra Modi’s “Fugitive Economic Offenders Bill”, will be presented in Parliament on 5 March 2018.


Prime Minister Narendra Modi in a move aimed at deterring economic offenders from fleeing the country, the Union Cabinet on Thursday 1 March 2018 cleared the Fugitive Economic Offenders Bill.

 

Prime Minister Narendra Modi is Now ensuring that after the Parliament makes into Law the “Fugitive Economic Offenders Bill”, the Law will effectively empower the Economic-Crimes Investigation Agencies, to confiscate all the unpledged properties and the wealth of the absconding-from India, the Bank Defaulters and the Economic Offenders.

Prime Minister Narendra Modi got the Union Cabinet to Clear the setting up of the “National Financing Reporting Authority” to Prevent the  Auditing Lapses and the Auditing Scams by the Auditors in the Banking Sector.

Prime Minister Narendra Modi Initiatives are significant as they are designed to avoid situations like the Rs 12,700 crore Punjab National Bank scam in which the main accused, Scamsters Nirav Modi and Mehul Choksi, have fled to foreign countries to avoid Arrest, Prosecution and Repayment of the Bank Loans.

Prime Minister Narendra Modi said that: “The Fugitive Economic Offenders Bill, would help in laying down effective measures to deter the economic offenders from evading the process of Indian law by remaining outside the jurisdiction of India Courts, by Fleeing to the Foreign Countries.”


Prime Minister Narendra Modi’s “Fugitive Economic Offenders Bill”, targets the large defaulters responsible for the economic offences worth over 100 crore.

 

Prime Minister Narendra Modi’s “Fugitive Economic Offenders Bill 2018 has been brought to confiscate the assets of a fugitive, including benami assets.

Prime Minister Narendra Modi got the Cabinet to clear the establishment of the National Financial Reporting Authority (NFRA) after reports of the various auditing lapses in the banking sector resulting in a series of fraudulent transactions.

The NFRA will have one post of chairperson, Three Posts of full-time members and one Post of Secretary.

FINISHLINE

Prime Minister Narendra Modi is creating the New Law “Fugitive Economic Offenders” Law, to Punish the Economic Offenders who have become Fugitives, as they have Fled Out of India to Foreign Safe-Havens, to Avoid Repay Of Loot and to Prevent Arrest-Prosecution.
 
 By: PRIYADARSHINI SIDDHARTHA REDDY
 
 CHAIRMAN BOARD OF EDITORS
 sidredbuzz@gmail.com
 politicsparty.com
 
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