Red Corner Notices Have Been Issued Against 25 Fugitives Accused Of Economic Offences, Reveals Nirmala Sitharaman

The Union Minister for Finance, Nirmala Sitharaman apprised the Parliament on Tuesday (25 June) that the Union Government has issued Red Corner Notices (RCN) against as many as 25 individuals believed to be involved in economic offences, reports Livemint.

Sitharaman also emphasised that as many as 28 individuals accused in criminal cases were being investigated by the Enforcement Directorate (ED), who are either residing abroad, or had left the country before the initiation of investigations by the agency. She also informed in a written reply to the Rajya Sabha that action had already been initiated against seven persons.

"Necessary action has been initiated for bringing these people back to India. In this regard, Red Corner Notice (RCN) have been issued against 25 persons; extradition requests have been issued for 14 persons, action under Fugitive Economic Offenders Act, 2018 (FEOA) have been initiated against 7 persons and 3 persons accused under PMLA have been brought back to India," she said.

Sitharaman also mentioned that action under the recently enacted FEOA, 2018 has also been initiated in pertinent cases against economic offenders who have left the country so as to evade criminal prosecution, or who being in foreign lands refuse to return to India to face prosecution.