Top 20 world leaders across the globe gather in Buenos Aires, Argentina for the World G20 summit on November 30. In this meet, India presented a 9 point agenda.
The agenda clearly aimed at the world leaders taking strict action against “fugitive economic offenders”.
The agenda states, “Cooperation in legal process such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined”.
It also states, “Principles of United Nations Convention Against Corruption (UNCAC), United Nations Convention Against Transnational Organized Crime (UNOTC), especially related to ‘International Cooperation’ should be fully and effectively implemented”.
The FATF (Financial Action Task Force) should be operational to deal with the identification, extradition and judicial proceedings of the fugitive economic offenders.
A common platform is proposed for successful extradition cases, gaps in extradition system and legal assistance.
India’s G20 convention clearly stated to recover debt from tax evading persons residing in other countries.