Definition
A person who has left India or refuses to return to India to face criminal prosecution for an economic offence involving ₹100 crore or more, and has been declared a "Fugitive Economic Offender" by a Special Court under the Fugitive Economic Offenders Act, 2018. Their properties in India and abroad are subject to confiscation and vesting in the Central Government.
Related Terms
PMLAEconomic Offence
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Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates