Q. With reference to Fugitive Economic Offenders (FEO) in India, consider the following statements:
1.The Fugitive Economic Offenders Act, 2018 applies to economic offences involving a value of ₹100 crore or more.
2.A person declared as a Fugitive Economic Offender can have all their properties confiscated, including those not directly linked to the offence.
3.Once declared as a Fugitive Economic Offender, the individual is permanently barred from returning to India.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: 1 and 2 only
Statement 1 is correct: The Act applies to offences involving ₹100 crore or more.
Statement 2 is correct: The law allows confiscation of both proceeds of crime and other properties (even unrelated assets).
Statement 3 is incorrect: The Act does not permanently bar return to India; it creates legal consequences (like confiscation and restrictions on civil claims), but the person may still return and face trial.
Source: IE
