Physics · Important Legislations
Consider the following statements regarding the Fugitive Economic Offenders Act, 2018: 1. A Fugitive Economic Offender (FEO) is a person against whom an arrest warrant has been issued for involvement in economic offenses involving at least Rs. 100 crores, and who has left the country or refuses to return. 2. Under the Act, authorities are empowered to confiscate assets of the offender even before a formal conviction is obtained. 3. The Financial Intelligence Unit (FIU-IND) is the primary nodal agency tasked with investigating and enforcing the asset confiscation under this Act. Which of the statements given above are correct?
- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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