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

News Snippets

  • ED has issued a showcause notice to Xiaomi India, two of its senior officials and three foreign banks for FEMA violations to the tune of Rs 5551cr
  • India's South-West coast to be hit by very severe Cyclone Biparjoy which will intensify in the next 36 hours
  • PM Modi pays tributes to Birsa Munda on his death anniversary
  • CBI forms SIT to probe violence in Manipur
  • Coal mine collapses in Dhanbad, three dead and scores feared trapped
  • Death threats for Sharad Pawar & Sanjay Raut, probe ordered and security tightened
  • Akhilesh Yadav says law & order situation is out of control in UP
  • Diesel (8.22 million tonnes), petrol (3.35 million tonnes) consumption hits a new high in May
  • Congress' Kamal Nath Sandesh Yatra will begin in Madhya Pradesh on June 15
  • Congress rubbishes reports of Sachin Pilot starting a new outfit, says they are just rumours
  • Delhi Police take women wrestler who had complained against WFI chief B B S Singh to federation office
  • IT minister Rajeev Chandrasekhar says government will regulate the AI space to keep digital citizens safe
  • Stocks turn negative on Friday: Sensex loses 223 points to 62625 and Nifty 71 points to 18563
  • WTC final: If India can keep the Aussie lead to below 400, they can still make a match of it
  • WTC final: Indian bowlers get their act right in the second innings but Aussies race to a lead of nearly 300 for the loss of 4 wickets
Fresh flare-up in Manipur as 3 persons were shot dead in a Kuki village inKangpopki 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.