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PNB fraud: ED to seek immediate confiscation of Nirav Modi's assets under fugitive ordinance

Updated : May 28, 2018 12:19 AM IST

The agency, empowered by the Union government to enact the new power in the country, will seek an official declaration to categorise Nirav Modi as a "fugitive" based on its prosecution complaint (charge sheet) filed before a special court in Mumbai last week under the Prevention of Money Laundering Act (PMLA).
The Fugitive Economic Offenders Bill, 2018 was introduced in the Lok Sabha on March 12 but could not be taken up due to logjam in Parliament over different issues.
PNB fraud: ED to seek immediate confiscation of Nirav Modi's assets under fugitive ordinance

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