Free Press Journal
  • Sebi to seek power to intercept calls, messages of serious economic offenders

    New Delhi: To bolster its evidence-gathering mechanism, watchdog Sebi is considering seeking powers from the government to intercept calls and electronic communications of those suspected of serious economic offences like insider trading. Acting on recommendations made by a high-powered committee on fair market conduct, the capital markets regulator has prepared a proposal for its board to seek these powers by making necessary amendments in the concerned laws and regulations, a senior official said.

  • Law Ministry okays draft bill on fugitive economic offenders

    New Delhi: The law ministry has given its concurrence to a draft bill that will give powers to the government to confiscate property of economic offenders and defaulters who flee India, albeit with a new provision, official sources said. It wants a “Saving Clause” to be incorporated in the Fugitive Economic Offenders Bill 2017 before it is introduced in the Lok Sabha in the ensuing winter session of Parliament, they said.

  • Agencies are trying to get Vijay Mallya back, says Jaitley

    New Delhi: Union Finance Minister Arun Jaitley said on Friday that relevant agencies are trying to get liquor baron Vijay Mallya back in India and the issue was discussed during his recent visit to London.