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Fugitive Economic Offender
Indian legal term
A Fugitive Economic Offender is a legal term in India. It relates to any individual against whom a warrant for arrest in relation to a "scheduled offence" has been issued by any Indian court under the Fugitive Economic Offenders Act. It applies to individuals who either left India to avoid criminal prosecution; or, being abroad, refuses to return to India to face criminal prosecution. The list of Fugitive Economic Offenders currently residing abroad is Pushpesh Baid, Ashish Jobanputra, Vijay Mallya, Sunny Kalra, Sanjay Kalra, Sudhir Kumar Kalra, Aarti Kalra, Varsha Kalra, Jatin Mehta, Umesh Parekh, Kamlesh Parekh, Nilesh Parekh, Eklavya Garg, Vinay Mittal, Nirav Modi, Neeshal Modi, Mehul Choksi, Sabya Seth, Rajiv Goyal, Alka Goyal, Lalit Modi, Nitin Jayantilal Sandesara, Chetankumar Sandesara, Ritesh Jain, Hitesh Narendrabhai Patel, Mayuriben Patel and Priti Ashish Jobanputra.[1][2][3][4]
History
On 14 March , Minister of State for External Affairs M. J. Akbar stated the names of the 31 absconding businesspeople in the Lok Sabha, including diamond traders Nirav Modi, Mehul Choksi, Jatin Mehta and embattled liquor baron Vijay Mallya, who is facing an investigation from the Central Bureau of Investigation.[5]
Minister of State for External Affairs Gen. (Retd.) V. K. Singh submitted the Fugitive Economic Offender names to the Lok Sabha on 25 July Singh said: "efforts are being made for securing the presence of these accused in the country by way of issuance of Look out Circular, (Red corner notice) and extradition requests." The CBI and the Enforcement Directorate are pursuing legal actions to bring back 28 Indians (including six women), who have been charged for financial irregularities and criminal offenses, and are believed to have been living abroad since [1]
On 4 January , Minister of State for Finance Shiv Pratap Shukla said in the Lok Sabha the names of the 27 defaulting businessmen and economic offenders who had fled the country in the last five years. Interpol has been approached and asked to issue red corner notices to 20 of the 27 offenders.[6]
On February 5, , the Minister of State for Finance S.P. Shukla informed the Lok Sabha that a total of 72 Indians charged with frauds or financial irregularities are currently abroad and efforts are being made to bring them back to the country. Only 2 of the fugitives have been brought back to India and they are Vinay Mittal and Sunny Kalra.[7]
List of Fugitive Economic Offender
| Name of the person | Amount Swindled in | Accused Company Name | Lives in | Extradition Status |
|---|---|---|---|---|
| Vijay Mallaya | 7,[8] | M/sher Airlines Ltd | United Kingdom | Not extradited – extradition is in progress |
| Mehul Choksi | 7,[8] | Gitanjali group (M/ali Gems Ltd, M/ Jewellery, M/s.D'damas, M/tra World Ltd) | Antigua | Not extradited – India does not have an extradition treaty with Antigua, but India is trying to bring back Choksi under the provisions of the Extradition Act of Antigua and Barbuda, which provides for extradition of a fugitive to a designated Commonwealth country.[9] |
| Jatin Metha | 6,[10] | M/e Diamonds and Jewellery Ltd, M/us Jewellery and Diamond and M/-Raj Diamonds | St Kitts and Nevis | Not extradited – India does not have an extradition treaty with St Kitts and Nevis |
| Nirav Modi | 6,[8] | M/ar Diamond Ltd and M/ Modi Ltd | United Kingdom | Not extradited – extradition is in progress |
| Nitin Sandesara and Chetan Sandesara | 5,[11] | M/ng Biotech Ltd and M/ Machines[12] | Nigeria | Not extradited |
| Umesh Parekh, Kamlesh Parekh and Nilesh Parekh | 2,[13] | M/ Ganesh Jewellery House Ltd | Dubai; Kenya[14] | Not extradited |
| Lalit Modi | 1,[15] | M/ Enterprises Ltd and M/ | United Kingdom | Not extradited – extradition is in progress[16] |
| Ritesh Jain[17] | 1,[18] | M/war Exports Ltd and M/ Gold Jewellery Private Ltd[19] | Not extradited | |
| Rajiv Goyal and Alka Goyal[20] | [8] | M/ Pharmaceuticals Ltd | Not extradited | |
| Ashish Jobanputra[21] | [4] | M/ Cotspin Private Ltd | Not extradited | |
| Sabhya Seth | [8] | M/ Das Seth International Private Ltd[22] | Dubai [23] | Not extradited |
| Sanjay Bhandari | [4] | M/ India Solutions Private Ltd and M/ Software and Services Private Ltd[24] | Not extradited | |
| Vinay Mittal | [4] | M/a and Krishna Enterprises and M/ Metals [25] | Indonesia | Extradited [26] |
| Sunny Kalra | 10[4] | M/ Tiger Steels Private Ltd [27] | Oman | Extradited [27] |
See also
References
- ^ abThe Hindu Net Desk (4 August ). "List of fugitive economic offenders living abroad" &#; via
- ^"28 Fugitive Economic Offenders Living Outside India, Says Govt". 6 August
- ^"Who Are the Top Financial Offenders Besides Mallya? Govt Makes List Public - Dailyhunt ExamPrep". Dailyhunt.
- ^ abcdeUpadhyay, Jayshree P. (16 March ). "Nirav Modi, Vijay Mallya, and 29 other Indian fugitives owe Rs40, crore". Mint.
- ^"31 business people under CBI probe absconding: Ministry of External Affairs". The New Indian Express.
- ^"27 economic offenders fled India in last 5 yrs". 4 January
- ^"India catches only 2 of 72 fugitive economic offenders in 5 years: RTI". Business Standard. 20 November
- ^ abcde"Mallya Leads The List Of India's 28 Fugitive Economic Offenders". BloombergQuint.
- ^"PNB scam: Mehul Choksi says use of Antigua PM's powers to extradite him violates nation's democracy". .
- ^"How Jatin Mehta Of Winsome Diamonds Pulled Off A Rs Cr Scam & Is Living Peacefully In Caribbean Islands". 22 February
- ^"CBI seeks info from Nigeria on accused Nitin Sandesara for Rs 5, crore fraud". Hindustan Times. 25 September
- ^"The Fall of Sterling Biotech and the Brothers Sandesara". The Wire.
- ^"Shree Ganesh Jewellery promoter arrested in multi-crore fraud case". @businessline.
- ^"Will NAMO bring back Vijay Mallya, NiMo, Umesh Parekh?". 7 July
- ^"Lalit Modi to be put on notice for Rs 1, crore IPL scam". Deccan Chronicle. 16 June
- ^"India seeks UK help in extradition of Mallya, Lalit Modi". 30 May &#; via The Economic Times.
- ^"ED all set to book diamond trader for laundering Rs 1, crore - Times of India". The Times of India.
- ^"ED issues summons to 'middlemen' before nailing politicians in Rs cr diamond remittance scam". .
- ^Ghunawat, Virendrasingh (9 March ). "Mumbai: Politicians, bankers under ED's lens in Rs crore diamond remittance case". India Today.
- ^"Cheating, forgery charges framed against accused in Rs crore fraud - Times of India". The Times of India.
- ^"Why CBI is inactive in Rs crore bill discounting scam?". DNA India. 12 April
- ^"OBC fraud: CBI quizzes Sabhya Seth's family - Times of India". The Times of India.
- ^Chauhan, Neeraj (25 February ). "Oriental Bank of Commerce fraud: Delhi jewellers fled India in , CBI says". The Times of India.
- ^"Arms dealer Sanjay Bhandari's companies function merrily". 6 October
- ^"HC sets aside 6 arrest orders against extradited industrialist Vinay Mittal in fraud cases". .
- ^"Industrialist Vinay Mittal, wanted in 7 bank fraud cases, extradited from Indonesia". Zee News. 16 October
- ^ ab"CBI deports Sunny Kalra in PNB fraud case" &#; via The Economic Times.