Relevant for Exams
UPSCSSCBANKINGSTATE-PSCDEFENCE
Govt reiterates commitment to pursuing fugitives Lalit Modi & Vijay Mallya amidst viral clip.
Summary
The Indian government reportedly reaffirmed its commitment to pursuing economic fugitives Lalit Modi and Vijay Mallya, possibly reacting to a viral clip. This reiterates India's strong stance against financial offenders and its focus on international legal cooperation for extradition. It's significant for exams covering economic offenses and relevant legal frameworks.
Key Points
- 1Lalit Modi is a former IPL chairman, facing charges of money laundering and financial irregularities.
- 2Vijay Mallya is a former liquor baron, accused of default on loans worth over Rs 9,000 crore to Indian banks.
- 3Both Lalit Modi and Vijay Mallya are currently believed to be residing in the United Kingdom, evading Indian legal proceedings.
- 4The Indian government has actively pursued the extradition of both individuals through diplomatic and legal channels.
- 5Key legislations involved in such cases include the Prevention of Money Laundering Act (PMLA) and the Fugitive Economic Offenders Act, 2018.
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