Explanation:

Salient features of the Bill:
?    Application before the Special Court for a declaration that an individual is a fugitive economic offender;
?    Attachment of the property of a fugitive economic offender;
?    Issue of a notice by the Special Court to the individual alleged to be a fugitive economic offender;
?    Confiscation of the property of an individual declared as a fugitive economic offender resulting from the proceeds of crime;
?    Confiscation of other property belonging to such offender in India and abroad, including benami property;
?    Disentitlement of the fugitive economic offender from defending any civil claim; and
?    An Administrator will be appointed to manage and dispose of the confiscated property under the Act.
?    If at any point of time in the course of the proceeding prior to the declaration, however, the alleged Fugitive Economic Offender returns to India and submits to the appropriate jurisdictional Court, proceedings under the proposed Act would cease by law.
?    All necessary constitutional safeguards in terms of providing hearing to the person through counsel, allowing him time to file a reply, serving notice of summons to him, whether in India or abroad and appeal to the High Court have been provided for. Further, provision has been made for appointment of an Administrator to manage and dispose of the property in compliance with the provisions of law.