New Delhi: As many as 83 Look Out Circulars have been issued by the government against promoters of companies who have defaulted on their bank loans, preventing them from leaving the country, Union minister Nityanand Rai said on Wednesday. Speaking in the Rajya Sabha, the Minister of State for Home maintained that immigration authorities can detain as well as prevent any person, including a willful defaulter, from leaving the country against whom an LOC has been issued.
"The Bureau of Immigration has opened 83 LOCs till now at the behest of banks," he said in reply to a written question. A look out circular can be opened by the Bureau of Immigration in respect of Indian citizens and foreigners on the request of an authorised originator, which includes an officer, not below the rank of Deputy Secretary to the Government of India or an officer not below the rank of Joint Secretary in the state government.
