The Enforcement Directorate's annual report reveals significant action under the Fugitive Economic Offenders Act (FEOA), 2018. With 21 individuals declared FEOs and assets worth over ₹2,178 crore confiscated, this news is critical for understanding India's legal framework to tackle high-value economic offenders fleeing prosecution. It connects directly to Polity and Governance syllabus points on special laws and enforcement agencies.
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Quick Exam Facts From News
1-Minute Revision
- ›Total FEOs Declared: 21 individuals
- ›Assets Confiscated: ₹2,178.34 crore
- ›Target this Data: ₹100 crore (monetary threshold for FEOA), ₹2,178.34 crore (assets confiscated), 21 (total FEOs declared).
- ›Target this Nodal Body: Enforcement Directorate (ED) - files application; Special Court (designated under PMLA) - declares FEO.
- ›Target this Legal Point: Fugitive Economic Offenders Act (FEOA), 2018 - definition of FEO, procedure, and powers of confiscation.
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