Over USD 1.8 billion worth of assets recovered from economic offenders: MoS Jitendra Singh

New Delhi, Sep 7: Union Minister Jitendra Singh on Thursday said that assets worth more than USD 1.8 billion have been recovered from economic offenders and fugitives in the last about four years.
Addressing an event at the Central Bureau of Investigation (CBI) headquarters here, he said there has been a quantum jump in extradition of criminals and fugitives in recent years, especially after India hosted the 90th Interpol General Assembly in October 2022. Singh, the Minister of State for Personnel, said 19 criminals/fugitives have returned to India this year so far, whereas previously, on an average around 10 of them have returned to India every year. The figure stood at 27 in 2022 and 18 in 2021. “Over 1.8 billion US dollar worth of assets have been recovered from economic offenders and fugitives in the last about four years, after Prime Minister Narendra Modi brought in the Economic Offenders Act, while the Prevention of Money Laundering Act (PMLA) has helped in attaching the assets of offenders worth more than 12 billion US dollars since 2014,” Singh was quoted as having said in a statement issued by the Personnel Ministry.
In his inaugural address at the first-ever “International Day of Police Cooperation” after conferring Indian Police Medals on distinguished CBI officers at an investiture ceremony at the agency’s head office, he said the Modi government is aggressively pursuing economic offenders and informed about the recovery and attachment of huge assets from economic offenders, fugitives and money launderers.
Singh said that 2023 is the diamond jubilee year of CBI and in its 60 years of existence, it has emerged as India’s premier investigation and anti-corruption agency and internally evolved as a capable organisation to handle investigations ranging from bribery and corruption, sensational and complicated cases handed over by states and constitutional courts, economic offences, and banking frauds. “On account of its sheer professionalism and integrity, this bureau has gained the confidence of the executive, judiciary, legislature, and the common people,” the minister said.
Singh said the litmus test for any organisation is to win the trust of the people and added that CBI has not only gained the trust of public, but keeping pace with the fast changing socio-economic and technical milieu it has also established niche specialised investigative units to handle investigations pertaining to online child sexual abuse and exploitation, trafficking in human beings, drugs, wild life, cultural properties, and crimes in digital space. (PTI)