July 25, 2018 9:17 PM

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Parliament passes Fugitive Economic Offenders Bill

<span style="color: #222222;">Parliament has passed the Fugitive Economic offenders Bill, 2018 with the Rajya Sabha approving it today.</span><br />'' <br />'' <span style="color: #222222;">The bill empowers the government to attach properties of fugitives who run away from the country after committing tax and loan related offences. </span><br />'' <br />'' <span style="color: #222222;">Replying to a debate on the bill in Rajya Sabha, Finance Minister Piyush Goyal said, the Bill enables action against economic offender committing offences worth one hundred crore rupees and above.</span><br />'' <br />'' <span style="color: #222222;">Initiating the discussion on the bill,  Vivek K Tankha of the Congress described the proposed bill as too little and too late, saying the offenders had already run away from the country. </span><br />'' <br />'' <span style="color: #222222;">Countering his argument, Bhupender Yadav of the BJP, recalled that the erstwhile UPA government did not act against black money except for bringing a White Paper. </span><br />'' <br />'' <span style="color: #222222;">Members from various political parties also participated in the discussion. </span><br />''  <br />

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