The ____________ provides for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Fugitive Economic Offenders Act, 2018
The Fugitive Economic Offenders Act, 2018 gives any special court established under the Prevention of Money Laundering Act, 2002, the authority to seize all of the possessions and properties of economic offenders who are accused of crimes totaling more than INR 100 crore but are avoiding prosecution by avoiding Indian court jurisdiction.
- The FEO Act envisions collaboration and mutual support between Indian law enforcement agencies and their international counterparts, as well as between international law enforcement agencies like INTERPOL.
- The successful extradition of fugitives and the retrieval of their belongings depend on this cooperation.
- The Act also allows for the temporary attachment of all of the offender's assets and their eventual confiscation upon the Special Court's designation of the offender as a fugitive economic offender.