Escapist Economic Offenders should not get sanctuary, say PM Modi

Escapist Economic Offenders should not get sanctuary, say PM Modi

Today, Prime Minister Narendra Modi has expressed the hope that efforts of India are to ensure economic offenders, who escaped from the country do not get save shelters abroad will show results. The government has offered suggestions before the international community to make sure that people “who commit economic offenses, those who are fugitives… should not get any sanctuary anywhere in the world,” said PM Modi at the Jagran Forum, which was organized by Dainik Jagran.

PM Modi said, “I am confident that our campaign will show results.”

He continued that he put across India’s stand before the strong economies at the recent G20 Summit in Argentina. The government of India is working hard to bring back people, including Nirav Modi, Vijay Mallya and Mehul Choksi for their accused involvements in the bank scams.

India has presented a nine-point agenda to G20 nations, called for “strong and active cooperation” to deal comprehensively with fugitive economic offenders.

The Prime Minister of India has presented the agenda in the second session of the G20 Summit on International Finance, Trade, and Tax systems.

The agenda reads, “Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined.”

The country further calls for joint efforts by G20 nations to form a mechanism, which has denied entry and safe heaven to absconder economic offenders.

 

by Banani Sarkar on December 7, 2018

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