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Govt. issues strict direction to deal with Fugitive economic offenders

July 24, 2019
The Government issued directions to deal with wilful bank loan defaulters or fugitive economic offenders. In this direction, The Immigration Authorities can detain as wellas prevent any person, including a willful defaulter, from leaving India against whom LOC has been issued. Bureau of Immigration has opened 83 LoCs till now at the behest of banks. Furthermore, Government has advised Public Sector Banks to obtain certified copy of the passport of promoters/directors and other authorised signato
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