Prime Minister Narendra Modi on Friday expressed the hope that India’s efforts to ensure that economic offenders who flee the country do not get safe havens abroad will show results. New Delhi has put forth some suggestions before the international community to ensure that people “who commit economic offences, those who are fugitives… should not get any sanctuary anywhere in the world”, Modi said while addressing the ‘Jagran Forum’ organised by the Dainik Jagran media group. “I am confident that our campaign will show results,” he said. The Prime Minister said he put across New Delhi’s stand before the strong economies at the recent G-20 meet in Argentina. The government is working to bring back people, including Vijay Mallya, Mehul Choksi and Nirav Modi, for their alleged involvement in bank scams. India presented a nine-point agenda to G-20 countries, calling for “strong and active cooperation” to comprehensively deal with fugitive economic offenders. Modi presented the agenda in the second session of the G20 Summit on international trade, international financial and tax systems. “Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined,” the agenda read. India had also called for joint efforts by G-20 countries to form a mechanism that denies entry and safe havens to fugitive economic offenders. Prime Minister Narendra Modi had expressed the hope that India’s efforts to ensure that economic offenders, who flee the country do not get safe havens abroad, will show results. India suggested that the Financial Action Task Force (FATF) should be called upon to assign priority and focus on establishing international cooperation, leading to timely and comprehensive exchange of information between competent authorities and financial intelligence units. The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. India also advocated setting up of a common platform for sharing experiences and best practices, including successful cases of extradition, gaps in existing systems of extradition and legal assistance, among others.
Why should you erase unnecessary ‘sorry’ from your dictionary!
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