Narendra Modi-led government on Thursday approved the Fugitive Economic Offenders Bill to crack down on offenders like Nirav Modi and Vijay Mallya who fled the country after looting banks and financial institutions.

Congress, however, is not convinced; party member Anand Sharma said that the government is just trying to divert people’s attention. “We are keen to know what the government did earlier and not what they promise to do going forward,” he said, adding that fraudsters have been allowed to flee the country after looting millions of dollars.

According to recent reports, the CBI in a case pertaining to the Punjab National Bank scam, arrested 14 people on Saturday. The officials said that at least one bank official had taken a bribe from Nirav Modi.

Dharmendra Pradhan, minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, said that the Bill will go a long way in further enhancing counter-corruption mechanisms and ensure banks and financial institutions achieve higher recoveries from financial defaults by such fugitive economic offenders.

Many in the BJP opined that the Cabinet’s approval of the new Bill is a positive step in the direction to crack down on corruption.

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