New Delhi: With the CBI and the enforcement directorate pursuing several fugitive entrepreneurs around the world for years to bring them back to face criminal prosecution for fraud and cheating thousands of public money crores taken through bank loans, the Supreme Court has a piece of suggestion for the center – why not Consider so that they come to India and stop the criminal process if they agree to pay money.
A judicial bench Sanjay Kishan Kulul and MM Sundresh on Tuesday said years will be spent in the legal and agency processes possible or may not succeed in their pursuit to restore fugitive entrepreneurs and in the government scenario can consider to provide their protection if they agree to restore Money and they were not arrested back to the country.
Suggestions came while hearing Hemant S Hathi’s desired request along with the promoter of the Sterling group for allegedly deceiving Rs 14,500 Crore through a bank loan.
All defendants have escaped from India and lived abroad.
With them, there are other entrepreneurs – Vijay Mallya, Nirav Modi, etc.
– who have escaped from India to stay away from the legal grip.
Indian bodies have tried to get it back but they have not succeeded so far.
Hathi expressed his willingness to return money but seek protection so as not to be prosecuted and harassed by the agency to return.
He said the total amount stated because he was slightly more than 1,500-odd crore Rs, where RS 600 Crore was paid to the bank, and guaranteed to restore the unpaid number of Rs 900 Crore.
The bench is also favored by the number received by the government.
“You pursue many people around the world but you can’t get anything.
Here he offers to return money.
So some criminal processes can stay and allow them to return,” he said.
Additional lawyer General SV Raju, appeared for the CBI, said he would not arrest if he returned and expressed his reservation in ending the criminal process against him and did not pursue a case tried in court.
SC said the government had to consider giving relief on three fronts if he came back and repaying money – the delayed criminal process must be canceled against it; He must be allowed to travel throughout the country to pursue his business; And there is no coercive action taken against it in criminals.
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