New Delhi: Several fugitive businessmen across the world were chased by the CBI and the Enforcement Directorate for several years facing criminal prosecution for fraud and duping thousands of crores of public money taken through bank loans. Supreme court There is an advice for the Center – why not consider allowing them to come to India and stop criminal proceedings if they agree to pay.
a bench of justices Sanjay Kishan Kouli And MM Sundresh It said on Tuesday that legal proceedings would take years and the agencies may or may not be successful in their attempt to bring back the fugitive businessmen. He will not be arrested upon his return to the country.
This suggestion came during the hearing on the petition of Hemant So Elephant He is wanted for allegedly duping Sterling Group promoters to the tune of Rs 14,500 crore through bank loans. All the accused have fled India and are living abroad. There are other businessmen along with them- Vijay Mallya, Nirav Modi, etc. – those who have fled India to escape the clutches of law. Indian agencies are trying to bring them back but they have not got success so far.
Hathi expressed a desire to return the money, but upon his return sought protection from being prosecuted and harassed by the agency. He said that their total dues are a little over Rs 1,500 crore, out of which Rs 600 crore has been repaid to banks, and assured to return the dues of Rs 900 crore. The bench also favored that the amount be accepted by the government.
“You are chasing many people all over the world but you have not achieved anything. Here he is offering money back. So some criminal proceedings can be stayed and allowed to come back May go.” additional solicitor general SV RajuAppearing for the CBI, he said he would not arrest him if he returned and expressed his objection to quashing the criminal proceedings against him and taking the case forward in the trial court.
The Supreme Court said the government should consider granting him relief on three fronts if he comes back and refunds the money – pending criminal proceedings against him should be quashed; He should be allowed to travel across the country to pursue his business; And no coercive action will be taken against him in criminal case.
a bench of justices Sanjay Kishan Kouli And MM Sundresh It said on Tuesday that legal proceedings would take years and the agencies may or may not be successful in their attempt to bring back the fugitive businessmen. He will not be arrested upon his return to the country.
This suggestion came during the hearing on the petition of Hemant So Elephant He is wanted for allegedly duping Sterling Group promoters to the tune of Rs 14,500 crore through bank loans. All the accused have fled India and are living abroad. There are other businessmen along with them- Vijay Mallya, Nirav Modi, etc. – those who have fled India to escape the clutches of law. Indian agencies are trying to bring them back but they have not got success so far.
Hathi expressed a desire to return the money, but upon his return sought protection from being prosecuted and harassed by the agency. He said that their total dues are a little over Rs 1,500 crore, out of which Rs 600 crore has been repaid to banks, and assured to return the dues of Rs 900 crore. The bench also favored that the amount be accepted by the government.
“You are chasing many people all over the world but you have not achieved anything. Here he is offering money back. So some criminal proceedings can be stayed and allowed to come back May go.” additional solicitor general SV RajuAppearing for the CBI, he said he would not arrest him if he returned and expressed his objection to quashing the criminal proceedings against him and taking the case forward in the trial court.
The Supreme Court said the government should consider granting him relief on three fronts if he comes back and refunds the money – pending criminal proceedings against him should be quashed; He should be allowed to travel across the country to pursue his business; And no coercive action will be taken against him in criminal case.
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