SheldonCruce at 19:57, 26 March 2026

2026-03-26T19:57:50Z

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{{Use Indian English|date= May 2018}}
{{Use dmy dates|date=October 2020}}
{{Infobox legislation
|short_title = Fugitive Economic Offenders Act, 2018
|legislature = [[Parliament of India]]
|imagesize = 100
|imagealt =
|long_title = An Act to provide for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts, to preserve the sanctity of the rule of law in India and for matters connected therewith or incidental thereto.
|citation = [https://dea.gov.in/sites/default/files/FEO%20Act%202018.pdf Act No. 17 of 2018]
|territorial_extent = India
|enacted_by = [[Lok Sabha]]
|date_passed = 19 July 2018
|enacted_by2 = [[Rajya Sabha]]
|date_passed2 = 25 July 2018
|date_assented = 31 July 2018
|signed_by =
|date_commenced =
|date_repealed =
|administered_by =
|bill = The Fugitive Economic Offenders Bill, 2018
|bill_citation = [http://www.prsindia.org/sites/default/files/bill_files/Fugitive%20Economic%20Offenders%20Bill%2C%202018.pdf Bill No. 79 of 2018]
|bill_date = 12 March 2018
|introduced_by = [[Arun Jaitley]]
|1st_reading =
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|conf_committee_passed =
|committee_report =
|bill2 =
|bill_citation2 =
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|introduced_by2 =
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|status = in force
}}
The '''Fugitive Economic Offenders Act, 2018''' is an Indian law that empowers any special court (set up under the [[Prevention of Money Laundering Act, 2002]]) to confiscate all properties and assets of economic offenders who are charged in offences involving sums exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.<ref>{{cite web|title=PRS {{!}} Bill Track {{!}} The Fugitive Economic Offenders Bill, 2018|url=http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|website=prsindia|access-date=1 May 2018|language=en|archive-date=1 May 2018|archive-url=https://web.archive.org/web/20180501161530/http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|url-status=dead}}</ref> The bill for the act was introduced in the [[Lok Sabha]] on 12 March 2018 and passed on 25 July 2018.<ref>{{cite news |last1=Nair |first1=Remya |title=Bill to help government bring back fugitive economic offenders gets Parliament's nod |url=https://www.livemint.com/Companies/8aCSuw8KM0grxRcaHJeKoN/Parliament-passes-Fugitive-Economic-Offenders-Bill-2018.html |access-date=30 July 2018 |work=Mint |date=25 July 2018}}</ref> The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court.

The bill has been subject to mixed reception among legal commentators.<ref>{{Cite web|url=https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill|title=Running Argument : The flaws in the draft Fugitive Economic Offenders Bill|last=Sekhri|first=Abhinav|date=August 2017|website=[[The Caravan]]|language=en|url-access=subscription|access-date=2020-01-21}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/fugitive-economic-offenders-bill-are-we-nation-of-more-laws-and-no-action-118072800747_1.html|title=Fugitive Economic Offenders Bill: Are we nation of more laws and no action?|last=Tankha|first=Vivek|date=2018-07-28|work=Business Standard|access-date=2020-01-21}}</ref>

==See also==
*[[List of acts of the Parliament of India]]
* [[Fugitive Economic Offender]]

==References==
{{Reflist}}

==External links==
* [http://164.100.47.4/BillsTexts/LSBillTexts/PassedBothHouses/Fugitive-%2017%20of%202018.pdf The Fugitive Economic Offenders Bill, 2018]
** [http://164.100.47.4/BillsTexts/LSBillTexts/asintroduced/79_2018_LS_Eng.pdf As Introduce]
** [http://164.100.47.4/BillsTexts/LSBillTexts/PassedLoksabha/79-C_2018_LS_Eng.pdf As Passed by Loksabha]
** [http://164.100.47.4/BillsTexts/LSBillTexts/PassedBothHouses/Fugitive-%2017%20of%202018.pdf As Passed by both Houses]
** [http://164.100.47.4/BillsTexts/LSBillTexts/Hindi/asintroduced/79_2018_LS_Hin.pdf पुर: स्थापित रूप में]
** [http://164.100.47.4/BillsTexts/LSBillTexts/Hindi/PassedLoksabha/79-C_2018_LS_Hin.pdf लोक सभा द्वारा पारित]

[[Category:2018 in Indian economy]]
[[Category:Finance fraud]]
[[Category:Fraud in India]]
[[Category:Asset forfeiture]]
[[Category:Modi administration]]
[[Category:Fugitives]]
[[Category:Acts of the Parliament of India 2018]]

{{India-law-stub}}

Fugitive Economic Offenders Act 2018 - Revision history

SheldonCruce at 19:57, 26 March 2026