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Q: Fugitive Economic Offenders Bill 2017 was introduced by which ministry?
  • A. Ministry of Labour
  • B. Ministry of Commerce
  • C. Ministry of Law
  • D. Ministry of Finance
Correct Answer: Option D - The Fugitive Economic Offenders Bill 2017 was introduced in India by the Union Ministry of Finance. It is important that this bill has been passed by the Parliament in July 2018. According to this, fugitive economic offenders are persons who have committed a scheduled crime involving an amount of Rs. 100 crore or more and they are absconding in any other country except India and avoiding facing punitive prosecution in India. The Fugitive Economic Offenders Bill gave power to the agencies to seize properties which are not only in the name of offender, but also the ones that are benami.
D. The Fugitive Economic Offenders Bill 2017 was introduced in India by the Union Ministry of Finance. It is important that this bill has been passed by the Parliament in July 2018. According to this, fugitive economic offenders are persons who have committed a scheduled crime involving an amount of Rs. 100 crore or more and they are absconding in any other country except India and avoiding facing punitive prosecution in India. The Fugitive Economic Offenders Bill gave power to the agencies to seize properties which are not only in the name of offender, but also the ones that are benami.

Explanations:

The Fugitive Economic Offenders Bill 2017 was introduced in India by the Union Ministry of Finance. It is important that this bill has been passed by the Parliament in July 2018. According to this, fugitive economic offenders are persons who have committed a scheduled crime involving an amount of Rs. 100 crore or more and they are absconding in any other country except India and avoiding facing punitive prosecution in India. The Fugitive Economic Offenders Bill gave power to the agencies to seize properties which are not only in the name of offender, but also the ones that are benami.