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

News Snippets

  • Kapil Sibal leaves Congress, fills nomination for Rajya Sabha with SPs backing
  • RBI bans 5 NBFCs as it cracks down on e-lending platforms
  • Hindustan Motors to tie-up with Peugeot to bring out a redesigned version of the iconic Ambassador
  • GST Council to defer rate rejig due to inflation
  • Centre to sell 29.5% in Hindustan Zinc at an expected price of Rs 38000cr
  • Stocks remain negative on Wednesday: Sensex loses 303 points to 53749 and Nifty 99 to 16025
  • IPL: RCB beat LSG by 14 runs and end their dream run. Rajat Patidar scores a brilliant 112. RCB will take on RR to decide who goes through to the finals
  • Delhi Additional district judge Nikhil Chopra says there is no legal right for people seeking to worship deity inside Qutab Minar, says it survived 800 years without worship so "let it survive like that"
  • Punjab chief minister Bhagwant Mann sacks state health minister Vijay Singla over corruption charges. Singla was later arrested by the ACB
  • Protestors burn the house of Andhra minister P Viswaroop and MLA Satish Kumar over renaming of Konaseema district as B R Amberdkar Konaseema
  • Gyanvapi: Varanasi district judge decides to first hear the 'maintainability' plea filed by mosque management
  • Delhivery and Venus Pipes shares list at premium of 10% and 8.7% respectively even when market sentiment was down
  • In a bid to cool edible oil prices, Centre allows duty-free imports of 20 lakh tonnes each of crude sunflower oil and crude palm oil per annum this year and next
  • Centre caps sugar exports to ensure availability of stocks in the domestic markets to cool prices
  • Stock markets get the jitters as RBI signals rate hike and government moves in to control inflation: Sensex tumbles by 236 points to 54052 and Nifty goes down by 89 points to 16125
Yasin Malik of JKLF gets two life terms in terror funding case /////// Kashmir TV artist killed and her nephew injured in a terror attack in Hushroo in Budgam district
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.