Fugitive Economic Offenders Act, 2018

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 exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.^[1] The bill for the act was introduced in the Lok Sabha on 12 March 2018 and passed on 25 July 2018.^[2] 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 Fugitive Economic Offenders Act, 2018
Parliament of India
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	Act No. 17 of 2018
Territorial extent	India
Passed by	Lok Sabha
Passed	19 July 2018
Passed by	Rajya Sabha
Passed	25 July 2018
Assented to	31 July 2018
Legislative history
First chamber: Lok Sabha
Bill title	The Fugitive Economic Offenders Bill, 2018
Bill citation	Bill No. 79 of 2018
Introduced by	Arun Jaitley
Introduced	12 March 2018
Status: In force

The bill has been subject to mixed reception among legal commentators.^[3][4]

See also

• List of acts of the Parliament of India
• Fugitive Economic Offender