Published On: Thu, Jul 19th, 2018

Lok Sabha passes Fugitive Economic Offenders Bill

New Delhi: The second day of Parliament’s Monsoon Session on Thursday witnessed some productive time with the Lok Sabha passing the Fugitive Economic Offenders Bill.

Dubey said that he had not taken any names and there had been several Finance Ministers in the past

After day-long discussion, the Lok Sabha passed a bill that provides for measures to deter fugitive economic offenders from evading prosecution by staying outside the jurisdiction of Indian courts.

Taking part in the discussion, BJP’s Nishikant Dubey blamed the previous Congress-led UPA government for the rise in non-performing assets of banks.

Nishikant Dubey said that the CBI will file a charge sheet against Vijay Mallya and name a former Finance Minister, leading to loud protests from the Congress.

The lawmaker asked if two Finance Ministers during the Congress-led United Progressive Alliance rule were involved in sanction of loans to Mallya.

“You get the loan sanctioned without collateral and if he has run away, you say he has run away. Who gave the loans? Who created the situation? Which Congress leaders he had relations with? The CBI is going to file a charge sheet and it will have the name of a former Finance Minister,” he said.

Leader of the Congress in the house Mallikarjun Kharge immediately asked how was Dubey aware of the impending CBI action and said it showed “all this is pre-planned.”

“You people are doing this to fix (opponents),” he said.

Dubey said that he had not taken any names and there had been several Finance Ministers in the past.

Opposition parties, however, termed the Bill as “eyewash”, saying the government wanted to be seen to be taking action in various cases involving Lalit Modi, Vijay Mallya, Nirav Modi and Mehul Choksi, all living outside the country.

Congress member Shashi Tharoor said the Bill was poorly drafted and would not withstand judicial scrutiny, questioning the logic of the provision putting the minimum value of offence at Rs 100 crore.

He also said the government should also review its extradition process with other countries.

Nationalist Congress Party member Supriya Sule said the Criminal Procedure Code also had a provision for property confiscation and also called for looking into problems of employees of companies of the fugitive offenders.

Kalyan Banejree of Trinamool Congress termed the Bill as “eyewash” and said it had some provisions which could be misused.

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