Which of the following statements are correct about the Fugitive Economic Offenders Ordinance ...........

Security Issues Money laundering

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Which of the following statements are correct about the Fugitive Economic Offenders Ordinance 2018?

1. Only the scheduled offences worth Rs. 100 crore or more will come under the purview of the ordinance.

2. Offenders will have to return to India to submit to the jurisdiction of Courts in India.

Correct Code:

1 only

2 only

Both 1 and 2

none of the above

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Explanation:

Special courts under the Prevention of Money-laundering Act, 2002 will declare a person as a Fugitive Economic Offender with offences worth Rs. 100 crore or more.

The offenders will have to return to India to submit to the jurisdiction of Courts in India to face the law or punishment in respect to the scheduled offences.