oppn parties Economic Offenders: Beginning Made, But Big Fishes Wanted

News Snippets

  • Calcutta HC says Cricket Association of Bengal is not liable to pay tax on advertisement inisde Eden Gardens cricket ground as it is not a 'public place' because it does not have unrestricted access for the general public
  • Supreme Court admits a plea from a child of a single OBC mother who had applied for an OBC certificate for her son
  • Supreme Court approves applying strict preventive detention laws for 'cybercriminals'
  • SBI likely to shift part of operations of its Global Market Unit from Kolkata to Mumbai
  • FM nirmala Sitharaman calls for a "structured, process-driven approach to compliance" and asks top I-T officials to speed up refunds and simplify processes
  • Marine insurance costs surge as the oil corridor in Strait of Homruz becomes risky due to war
  • Stocks weaken on Monday on global cues: sensex sheds 511 points to 81896 and Nifty 140 points to 24971
  • Former left-arm spinner Dilip Doshi dies in London at 77. He played for India in 33 Test matches and for Bengal in domestic tournaments
  • Pant becomes the only keeper to score two centuries in the same Test in England
  • England Test: Rishabh Pant hits his second ton and KL Rahul a classy century to put India on top, England need 350 runs on the last day, with the ptich showing signs of wear and tear
  • DGCA orders an audit of the entire aviation ecosystem in the wake of recent snags in many flights after the AI Dreamliner crash in Ahmedabad
  • 2 Pahalgam residents arrested by NIA for sheltering and aiding 3 terrorists who killed civilian tourists in pahalgam tell the agency that there were 3 LeT ultras from Pakistan that carried out the attack
  • India unlikely to agree to US demands for lower tariffs on agri products and GM food, trade deal faces fresh hurdles
  • Stocks likely to plummet today as traders will be worried about the effect of US strike on iran, oil price rise and possible inflation. Foreign funds may also withdraw in the volatile global situation
  • Oil prices likely to shoot up as US strikes at iran and the latter decides to close the Strait of Homruz
US President Donald Trump unilaterally announces a 'ceasefire' between Israel & Iran
oppn parties
Economic Offenders: Beginning Made, But Big Fishes Wanted

By Slogger
First publised on 2018-10-16 13:12:41

About the Author

Sunil Garodia Holding an extreme view and carting the ball out of the park is what interests him most. He is a hard hitter at all times. Fasten your seatbelts and read.
It is good that a beginning has been made in bringing back economic offenders who had fled India. That Mohammed Yayha has been apprehended in Bahrain after an Interpol red-corner notice was issued and that India managed to convince the authorities there to deport him just shows that what the government can achieve if there is will. But this instance shows that similar will is not present in other high profile cases, although it may be that Bahrain was more cooperative than UK, the Caribbean countries or other countries where the likes of Vijay Mallya, Mehul Choksi and Nirav Modi have fled.

Although India is pursuing most of the cases abroad, not much headway is being made. Mallya is fighting his cases in UK courts although the banks have got many favourable decisions in respect of attaching his properties abroad. The same is the case of Nirav Modi. But that will neither solve the problem nor deter others. As long as these big fishes are not apprehended and brought back to face trial in India, the public perception will remain that they were tipped off and allowed to flee.

Hence, the government must reexamine its strategy and exert all kinds of legal and diplomatic pressures on countries where these offenders are believed to have fled. In an election year, this is going to be a hot topic. The opposition is going to pan the government for this lapse. Hence, it is required that the government unleashes everything in its armoury to bring them back and clear its name. This government claims to be corruption-free and unsupportive of crony capitalism. Now it has to walk the talk.