19 July :- The property of financially fraudsters will now be confiscated by law. A Bill in this regard was approved today in the Lok Sabha. This bill has been approved to make chains like Neerav Modi, Mehul Choksi and Vijay Mallya. This bill is compelling financial scamsters. With the approval of this bill, it will be possible to bring the government on the scamsters’ property.
Finance Minister Piyush Goyal said that the property of every person who has run away with a scam of 100 crores or more is to be punished under this act. Goel told ANI that nothing has been done till 2014. A meeting was held in April 2018 under the chairmanship of Prime Minister Narendra Modi, to bring such a bill to curb financial scams. Neeraj Modi’s Rs 13,000 crore scandal, Mehul Choksi gave him a confrontation with the discussion was discussed in this meeting. There were also discussions about the problems that the investigating agencies might bring back when such scamsters escaped outside the country. Now the government has introduced a new bill to curb financial scams.