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

News Snippets

  • The toll in the Rajouri mystery illness case rose to 17 even as the Centre sent a team to study the situation
  • Agencies are looking at imposing a 'freeze' on bank accounts for immediate transfer of credited funds in order to check 'mule' accounts
  • RBI sold $20bn foreign exchange in November and has room to sell $138bn more, as analysed by brokerage firm Nomura, if the situation warrants
  • A Canadian portal has cited documents filed in an Ontario court to claim that the disbanded US firm Hindenburg colluded with a hedge fund while preparing reports that targeted some companies, including the Adani group in India
  • LPG cylinder blast causes fire in a cluster of huts and many tents at Maha Kumbh in Prayagraj, no casualties reported
  • World champion D Gukes manages to turn probable defeat into victory against Anish Giri of Nehterlands in ther Wjik Aan Zee chess meet
  • Kho-kho World Cup - Indian men and women are world champions. They beat Nepal in both events.
  • Women's U-19 World Cup - India begin their title defence with a resounding win against the West Indies. After bowling the opposition out ofrr 44, they notch up the winning runs for the loss of just one wicket
  • Karnataka beat Vidarbha to claim the Vijay Hazare trophy
  • Champions Trophy sqaud announced - Bumrah included, Shami makes a comeback but Siraj and Karun Nair overlooked
  • PM Modi pitches for green mobilityasks the suto industry to focus on the 'economy and ecology'
  • BJP calls the Congress the 'new Muslim League'
  • Budget session likely from Jan 31, with the first part ending on Feb 13
  • ED attaches Rs 486cr property of Bhushan Steel in PMLA case
  • Supreme Court says the charge of abetment to suicide cannot be slapped mechanically just to harass the accused
Man who attacked Saif Ali Khan, allegedly a Bangladeshi inflitrator, was arrested from a marsh in Thane near Mumbai
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.