<h1>Rice company promoters declared fugitive economic offenders; assets worth Rs 123 crore confiscated in alleged Rs 1,200 crore bank fraud.</h1> Two promoters of a Delhi-based rice company were declared fugitive economic offenders under Section 10 of the Fugitive Economic Offenders Act, 2018 after allegedly leaving India to evade prosecution in a Rs 1,201.85 crore bank loan fraud; the court directed confiscation of assets valued at Rs 123 crore in the ongoing money laundering investigation arising from a 2020 criminal complaint and subsequent proceedings.