Nation Current Affairs 02 Dec 2018 PM Narendra Modi pro ...

PM Narendra Modi proposes plan against fugitives

DECCAN CHRONICLE. | DECCAN CHRONICLE
Published Dec 2, 2018, 12:40 am IST
Updated Dec 2, 2018, 12:40 am IST
PM Narendra Modi
 PM Narendra Modi

New Delhi: At a time when India is seeking extradition of alleged economic offenders like Vijay Mallya, Nirav Modi and Mehul Choksi who have fled abroad, Prime Minister Narendra Modi suggested a nine-point agenda on Saturday before world leaders of the G-20 countries at Argentina’s Capital Buenos Aires for “action against fugitive economic offences and asset recovery”. 

Mooting a “strong and active cooperation across G-20 countries to deal comprehensively and efficiently with the menace of fugitive economic offenders”, the action-plan included “cooperation in the legal processes such as effective freezing of the proceeds of crime and early return of the off-enders, and a joint effort by G-20 countries to form a mechanism that denies entry and safe havens to all fugitive economic offenders”.

It also envisaged a major role for global inter-governmental body Financial Action Task Force which it said “should also develop a set of commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders to provide guidance and assistance to G-20 countries, subject to their domestic law”.

The action plan stood for “cooperation in the legal processes such as effective freezing of the proceeds of crime; early return of the offenders and efficient repatriation of the proceeds of crime (that) should be enhanced and streamlined.

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Location: India, Delhi, New Delhi




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