On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. The proposed bill will be applicable in cases where the value of offences is over _______.
- ARs 100 crores
- BRs 50 crores
- CRs 25 crores
- DRs 200 crores
Solution & Step-by-step Explanation
The Fugitive Economic Offenders Bill, 2017 (which later became an Act in 2018) was targeted at economic offenders who evade prosecution by fleeing the country. The provisions of this law are strictly applicable to instances where the total value involved in the economic offences exceeds Rs 100 crores.