Indian Polity · Polity
With reference to Fugitive Economic Offenders in India, consider the following statements: I. A person against whom a warrant has been issued for a scheduled offence of ₹100 crore or more may be declared a fugitive economic offender if he has fled India or refuses to return. II. The declaration of a fugitive economic offender is made by a Special Court designated under the Prevention of Money-Laundering Act, 2002. III. Upon such declaration, only the direct proceeds of crime located within India can be confiscated, while benami properties and assets located abroad remain outside the scope of the law. Which of the statements given above are correct?
- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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