In a bid to avoid economic offenders from a potential flight risk, the ministry of Corporate Affairs (MCA) is understood to have suggested over 20 names against whom a look-out circular (LOC) has been issued.
Confirming the development to
CNBC-TV18, a senior government official said: "MCA has suggested over 20 names to the central intelligence bureau (IB).
"The list is based on cases where investigations are pending and government feels that there is a high possibility of these people running away from the country," the official added.
The LOC issued so far has been clearly specified with "detain" provisions.
Meanwhile, the official also added that the ministry of corporate affairs had sent out these requisitions for issuing look-out circular to IB with an objective "to restrict travel and keep a watch on their movement".
When asked by
CNBC-TV18, the government official did not reveal the names suggested by MCA.
"The names have been sent over a period of time. The list was drawn up as and when the investigative and regulatory agencies under MCA raised a red flag to Delhi headquarters, following which the MCA secretary had approved the requisitions," official said.
On Saturday, Jet Airways founder,
Naresh Goyal and his wife Anita Goyal were stopped from leaving the country by the immigration officials at the Mumbai airport. Sources privy to the developments told CNBC-TV18 that ministry of corporate affairs (MCA) and Serious Fraud Investigation Office (SFIO) had issued an LOC against Goyal and his wife based on which they were detained by the immigration department in Mumbai.
Due to pending investigations, the MCA and SFIO were suspecting that Goyals could leave the country and wanted to restrict their travel further.
As per sources, the couple was released later on Saturday after their documents were checked.
When is an LOC issued?
Look-out circulars are issued by various authorities for keeping a watch on arrival/departure of Indians and foreigners. These authorities include the Ministry of External Affairs, the Customs and Income Tax Departments, Directorate of Revenue Intelligence, Central Bureau of Investigation, Interpol, regional passport officers, police authorities, Enforcement Directorate, MCA, SFIO, banks, etc.Whenever any authority issues a warning circular to the immigration authorities, the period of validity and the nature of the circular is also clearly specified to IB, which comes under the ministry of home affairs.