{"id":1197,"date":"2026-06-05T04:51:02","date_gmt":"2026-06-05T04:51:02","guid":{"rendered":"https:\/\/materials.simplycurrentaffairs.com\/?p=1197"},"modified":"2026-06-10T04:51:13","modified_gmt":"2026-06-10T04:51:13","slug":"fugitive-economic-offenders-act-2018","status":"publish","type":"post","link":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/2026\/06\/05\/fugitive-economic-offenders-act-2018\/","title":{"rendered":"Fugitive Economic Offenders Act, 2018"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-green-cyan-color\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Fugitive Economic Offenders Act, 2018<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><strong><strong><strong><strong><strong>About<\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Fugitive Economic Offenders (FEO) Act, 2018 was\u00a0promulgated\u00a0with the main\u00a0objective\u00a0of\u00a0<strong>ensuring that economic offenders return to India to face prosecution.\u00a0<\/strong>\u00a0<\/li>\n\n\n\n<li>According to the Act, a\u00a0<strong>FEO\u00a0<\/strong>is an\u00a0<strong>individual<\/strong>\u00a0who has\u00a0<strong>committed specified economic offences\u00a0<\/strong>involving an amount of\u00a0<strong>Rs 100 crore or more\u00a0<\/strong>and has\u00a0<strong>absconded from India or refused to come back to India to avoid criminal prosecution.<\/strong>\u00a0\n<ul class=\"wp-block-list\">\n<li>Economic offences relate to fraud, counterfeiting, money-laundering, and tax evasion, among others.\u00a0\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Under the Act, upon declaration as FEO, the\u00a0<strong>properties and assets may be confiscated\u00a0<\/strong>and\u00a0<strong>vested by the Centre<\/strong>.\u00a0\u00a0\n<ul class=\"wp-block-list\">\n<li>This includes not just the\u00a0<strong>properties directly owned by the FEO and affiliated\u00a0organisations<\/strong>\u00a0but also\u00a0any and all\u00a0<strong>benami properties owned by the offender.<\/strong>\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The Act also empowers\u00a0<strong>courts and tribunals<\/strong>\u00a0across the country to\u00a0<strong>disentitle anyone declared as a FEO from filing or defending any civil case.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fugitive Economic Offenders Act, 2018 About<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1197","post","type-post","status-publish","format-standard","hentry","category-polity"],"_links":{"self":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1197"}],"version-history":[{"count":1,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1197\/revisions"}],"predecessor-version":[{"id":1198,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1197\/revisions\/1198"}],"wp:attachment":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}