Question

Which of the following offences can be prosecuted under the newly enacted Fugitive Economic Offenders Act, 2018?

I. Economic offences involving ₹100 crores and more
II. Dishonouring of cheques
III. Money laundering
IV. Benami transactions

Options

• III, IV

• I, II, III, IV

• II, IV

• I, III, IV

Answer 1

I, II, III, IV

Explanation:

The Fugitive Economic Offenders Act, 2018 is an Act of the Parliament of India that seeks to confiscate properties and assets of economic offenders that evade prosecution by remaining outside the jurisdiction of Indian courts. The offences include economic offences of Rs 100 crore or more, Dishonouring of cheques, Money laundering, and Benami transactions.