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legislation Archive Thursday, 2 August 2018

Fugitive Economic Offenders Act, 2018

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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.

Summary

Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.

Key Facts

Type Legislation
Source Historical Record
Published Thursday, 2 August 2018
Affected Population 1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
20 million central + state government employees

Key Authorities

Ministry of FinanceRBISEBIDEAPMO

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsCivil ServantsState GovernmentsJudiciary

Government Context

NDA I BJP-led NDA
Centre-Right
Left Centre Right

Amendment History

1 change recorded for this policy.

Description Saturday, 23 May 2026 via barandbench
Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.
The recent proceedings involving Sanjay Bhandari before the Delhi High Court have brought renewed attention to a constitutional question: can a person who deliberately avoids the jurisdiction of Indian courts continue to invoke the protection of those very courts?The issue assumes particular significance in the context of Section 14 of the Fugitive Economic Offenders (FEO) Act, 2018, which empowers courts and tribunals to disentitle a declared fugitive economic offender from pursuing or defendin

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