Fugitive Economic Offenders Act 2018 – Why is it Necessary?

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Recently, there have been many instances of Enforcement Directorate (ED) filing charge sheet against economic offenders under the Fugitive Economic Offenders Act, 2018. In this scenario, it is essential to understand the need, features, benefits, and concerns regarding the Fugitive Economic Offenders Act, 2018.
What is the need for Fugitive Economic Offenders Act? (Benefits)
Rule of Law: There have been many instances of economic offenders escaping the jurisdiction of Indian courts anticipating the criminal proceedings, or during the pendency of criminal proceedings. (ex- Vijay Mallya case). The absence of such offenders from Indian courts has many ramifications like:
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