Home » International » India presents 9-point agenda on fugitive economic offenders at G20 summit
The Prime Minister, Shri Narendra Modi meeting the President of European Commission, Mr. Jean-Claude Juncker and the President of European Council, Mr. Donald Tusk, at the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.
The Prime Minister, Shri Narendra Modi meeting the President of European Commission, Mr. Jean-Claude Juncker and the President of European Council, Mr. Donald Tusk, at the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.

India presents 9-point agenda on fugitive economic offenders at G20 summit

Newdelhi;1/12/18;India on Friday presented a nine-point agenda to G20 member nations calling for strong and active cooperation among them to comprehensively deal with fugitive economic offenders.The agenda was presented by Prime Minister Narendra Modi in the second session of the G20 Summit on international trade, international financial and tax systems“Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined,” the agenda read.India also called for joint efforts by G-20 countries to form a mechanism that denies entry and safe havens to fugitive economic offenders.“Principles of United Nations Convention Against Corruption (UNCAC), United Nations Convention Against Transnational Organized Crime (UNOTC), especially related to ‘International Cooperation’ should be fully and effectively implemented,” it said.

The Prime Minister, Shri Narendra Modi meeting the President of South Africa, Mr. Cyril Ramaphosa, on the sidelines of the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.

The Prime Minister, Shri Narendra Modi meeting the President of South Africa, Mr. Cyril Ramaphosa, on the sidelines of the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.

The Prime Minister, Shri Narendra Modi meeting the German Chancellor, Dr. Angela Merkel, on the sidelines of the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.

The Prime Minister, Shri Narendra Modi meeting the German Chancellor, Dr. Angela Merkel, on the sidelines of the G20 Summit, in Buenos Aires, Argentina on December 01, 2018.

India suggested the Financial Action Task Force (FATF) should be called upon to assign priority and focus to establishing international cooperation that leads to timely and comprehensive exchange of information between the competent authorities and financial intelligence units.“FATF should be tasked to formulate a standard definition of fugitive economic offenders. FATF should also develop a set of commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders to provide guidance and assistance to G-20 countries, subject to their domestic law,” it said.India also advocated setting up of a common platform for sharing experiences and best practices including successful cases of extradition, gaps in existing systems of extradition and legal assistance.

It said the G-20 forum should consider initiating work on locating properties of economic offenders who have a tax debt in the country of their residence for its recovery.

 

 

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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