Lucknow court declares Shine Group promoter fugitive economic offender
The court issued the order on April 30 under Section 12(1) of the Fugitive Economic Offenders Act (FEOA) of 2018, the federal probe agency said in a statement issued on Thursday.
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A fresh bail petition filed by fugitive diamond trader Nirav Deepak Modi was on Thursday rejected by the High Court of Justice, King's Bench Division, London. This is the tenth bail petition since his detention in the UK, which was successfully defended by the CBI through Crown Prosecution Service, bail arguments were strongly opposed by the Crown Prosecution Service Advocate, who was ably assisted by a strong Central Bureau of Investigation (CBI) team consisting of investigating and law officers who travelled to London for this CBI successfully defended the arguments which resulted in the rejection of the Modi, who has been languishing in a UK jail since 2019, is a fugitive economic offender who is wanted for trial in India in the Rs 6,000 crore Punjab National Bank fraud extradition has already been approved by the High Court of the UK on India's December last year, Union Finance Minister Nirmala Sitharaman revealed that properties worth Rs 1,052.58 crore from the Nirav Modi case were handed back to both public and private came after the Enforcement Directorate attached assets worth Rs 29.75 crore belonging to Nirav Modi and his group of companies in September 2024. These attached assets included immovable properties and bank attachments added to the previously attached assets valued at Rs 2,596 crore located in India and abroad. In addition, a Special Court in Mumbai also confiscated assets worth Rs 692.90 crore under the Fugitive Economic Offenders Act, ED investigation into the PNB fraud case was initiated following an FIR by the Central Bureau of Investigation (CBI). The investigation resulted in the identification and attachment of several domestic assets belonging to Nirav Modi and his associates under the Prevention of Money Laundering Act (PMLA), Watch
Hindustan Times
03-05-2025
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ED to initiate action against fugitive ex-MLC Haji Iqbal under FEO Act
Former Bahujan Samaj Party (BSP) MLC Haji Iqbal alias Bala, who has several criminal cases registered against him and is facing several investigations, including one by the Enforcement Directorate (ED) in a Prevention of Money Laundering Act (PMLA) case, is likely to be declared the second fugitive economic offender (FEO) from Uttar Pradesh. Lucknow special court of PMLA cases on April 30 declared UP relator Rashid Naseem, the main promoter of Shine City Group, as the first FEO from Uttar Pradesh on the request of the ED. Around 10 people, including liquor baron Vijay Mallya and diamond merchant Nirav Modi, have been declared fugitive economic offenders by courts since 2018. A senior ED official said the ED Lucknow unit is currently investigating a Prevention of Money Laundering Act (PMLA) case lodged against the former MLC. The ED has attached his properties worth ₹4,440 crore in form of Global University setup in Mirzapur area of Saharanpur and other agricultural land, he added. The ED official said Haji Iqbal shifted his base to Dubai to evade arrest by law enforcement agencies after his four sons Wajid, Afzal, Alishan and Javed and his brother Mehboob Ali were arrested on different charges, including extortion, fraud, embezzlement of funds etc and have been languishing in jail for over 18 months now. The state police have announced a reward of ₹1 lakh for the arrest of former MLC. 'The ED will soon file an application under section 4 of the Fugitive Economic Offender Act (FEOA), 2018 before the Lucknow special court (PMLA), for declaring Haji Iqbal as fugitive economic offender and pray for confiscation of his movable and immovable assets, his associates and companies controlled by them,' confirmed the ED official. He said the ED investigation has found the former MLC's involvement in the offence of money laundering. He said the investigation has revealed that the former MLC has left India, and it is conclusively ascertained that he is residing in Dubai. He is not returning to India to face due process of law. A non-bailable warrant, look out circular and Red Corner Notice have been issued against him, the officer said.
The Hindu
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98% of ED cases involving politicians filed against opposition leaders: TMC's Saket Gokhale
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