<h1>Judgment reserved on plea by UK arms consultant challenging designation as fugitive economic offender under PMLA over Rs 655 crore</h1> The High Court reserved judgment on a plea by a UK-based arms consultant challenging a trial court's declaration of him as a 'fugitive economic offender' under the PMLA, after hearing arguments from the accused and the Enforcement Directorate. The agency relied on an assessment alleging surreptitious acquisition of property worth Rs 655 crore; defence contended assessment proceedings were incomplete and there was no basis to believe tax evasion exceeded Rs 100 crore. The trial court order permits asset confiscation and followed a failed UK extradition; the accused argues lawful residence abroad precludes a fugitive label.