Vidhi Codex

The Fugitive Economic Offenders Act, 2018

The Fugitive Economic Offenders Act, 2018

General201826 sections3 chapters

The Fugitive Economic Offenders Act of 2018 targets individuals accused of major economic crimes involving at least one hundred crore rupees who flee India to evade prosecution. It regulates the attachment and confiscation of these offenders' properties and proceeds of crime, both within India and abroad, even before a final criminal conviction is secured. Additionally, it bars accused fugitives from bringing or defending civil legal claims in Indian courts. This law is vital because it stops wealthy financial criminals from escaping accountability by crossing borders, stripping them of their assets and legal standing until they finally return to face justice.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title, extent and commencement.
  2. 2Definitions.
  3. 3Application of Act.

Chapter II DECLARATION OF FUGITIVE ECONOMIC OFFENDERS AND CONFISCATION OF PROPERTY →

  1. 4Application for declaration of fugitive economic offender and procedure therefor.
  2. 5Attachment of property.
  3. 6Powers of Director and other officers.
  4. 7Power of survey.
  5. 8Search and seizure.
  6. 9Search of persons.
  7. 10Notice.
  8. 11Procedure for hearing application.
  9. 12Declaration of fugitive economic offender.
  10. 13Supplementary application.
  11. 14Power to disallow civil claims
  12. 15Management of properties confiscated under this Act

Chapter III MISCELLANEOUS →

  1. 16Rules of evidence
  2. 17Appeal
  3. 18Bar of jurisdiction
  4. 19Protection of action taken in good faith
  5. 20Power of Central Government to amend Schedule
  6. 21Overriding effect
  7. 22Application of other laws not barred
  8. 23Power to make rules
  9. 24Laying of rules before Parliament
  10. 25Power to remove difficulties
  11. 26Repeal and saving

PDF: pending for this language.