INSUBCONTINENT EXCLUSIVE:
Corporate Affairs (MCA) has sent out a look-out circular with the names of over 20 people suspected of economic offence, sources said on
Sources said the circular includes the name of Naresh Goyal, the chairman of the now-grounded Jet Airways.Look out circulars are issued by
several authorities, including the Ministry of External Affairs, MCA, Income Tax Department and Enforcement Directorate, to keep a watch on
siphoned funds or were involved in serious fraud and irregular transactions, sources said.Indicating a strict stance against economic
offenders, the circular sent out to investigating and securities agencies says their "summer vacation needs to stop".People with knowledge
of the developments said that the list has been prepared over time and will be revised and new names will be added if needed.The development
comes soon after Naresh Goyal and his wife Anita were offloaded from a London-bound flight in Mumbai on Saturday
According to sources, they were offloaded due to a look out circular issued against them by the MCA and the Serious Fraud Investigation
Office (SFIO).Meanwhile, CMDs (chief managing director) of both public and private sector banks have also been empowered to inform law
enforcement agencies if a notice needs to be served against any willful deafaulter whom they suspect of trying to abscond from the country
agencies seem to have become proactive after receiving a lot of flak with economic offenders such as Nirav Modi, Mehul Choksi and Vijay
Mallya fleeing the country in the past few years.