Topic: Fugitive Economic Offenders Ordinance 2018

Mallya who is active on social media did not make any renewed comment on his appeal.
Gopinath joined the board of Kingfisher Airlines after selling Air Deccan to Mallya in 2007
A special PMLA court today declared Vijay Mallya a fugitive economic offender under the FEO Act,2018.
Vijay Mallya, facing charges of defaulting on loans to the tune of Rs 9000 crores, ran away to the UK on March 2, 2016.
The four promoters of Sterling group fled the country fearing a criminal probe in this multi-crore bank fraud case.
The Indian government is trying hard to extradite Vijay Mallya from England to India
With this latest order, the total attachment in this case against the absconding diamantaire is about Rs 4,744 crore
The ED had moved the special court in Mumbai requesting permission for ‘immediate confiscation’ of about 7000 crores worth assets of Nirav Modi 
The Modi government has been in relentless pursuit of Nirav Modi
The ordinance makes provisions to declare a person as a fugitive economic offender
This is certainly a step in the right direction
With this Ordinance, corporate fugitives would be forced to return to India to face trial for scheduled offences.

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