Thus, the news that the government is planning to introduce a new law against such economic offenders is welcome. In February 2017, in his Budget speech finance minister Arun Jaitley had said that there was a need for legislation to deal with economic offenders who have fled the country. The existing rules or laws are of little use in case the economic offender remains outside the jurisdiction of Indian law. The Fugitive Economic Offenders Bill seeks to do two things. The far bigger task of making those who have escaped abroad come back to face Indian law will continue to remain a challenge.

Source: Hindustan Times February 28, 2018 12:45 UTC