https://www.taxtmi.com/news?id=70508 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. en-us Sat, 07 Feb 2026 23:31:03 +0530 Sat, 07 Feb 2026 23:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70508 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. News - Sat, 07 Feb 2026 23:31:03 +0530 https://www.taxtmi.com/news?id=70508