Governing administration proposes Draft Bill on Fugitive Economic Offenders
The proposed month-to-month bill allows the Financial Intelligence Unit (FIU), the premier specialized snoop wing beneath the finance ministry, to file an software program for the declaration of the fugitive monetary offender for the confiscation of their assets.
It allows the repealed legislation to be in power with respect to some present rights.
Earlier the Finance Minister Arun Jaitley in 2017-eighteen Price vary speech has announced that legislative alterations or perhaps a new legislation to confiscate the property of those fugitives.
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The proposed bill lets the Money Intelligence Machine (FIU), the leading technological snoop wing less than the finance ministry, to file an software for the declaration of the fugitive economic offender for the confiscation of their belongings.
Government proposes Draft Invoice on Fugitive Economic Offenders
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