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India seeks global action against economic fugitives

NEW DELHI: The government has highlighted its concern over several countries offering safe havens to economic offering safe havens to economic offenders “through investment-based schemes” and called upon the G20 membership to put in place a mechanism for international cooperation.

The issue was flagged by finance minister Nirmala Sitharaman . at a meeting of G20 finance ministers in Japan, which was attended by British chancellor of the exchequer Phillip Hammod. In recent years, the UK has emerged as the favourite haunt ffor fugitives such as Vijay Mallya and Nirav Modi, although the courts have initiated action against both.

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