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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 arrival to and departure from India of both Ind and foreign nationals.The look out notice has been served against people who allegedly 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 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. In a few cases, the banks have also been asked to take custody of passports of such offenders.The government and the law enforcement 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.Now, with the BJP-led NDA set for its second term, it would be interesting to see how it further deals with cases of economic offence and offenders. As a first step, look out notices would be used aggressively to pursue offenders and prevent them from leaving the country by taking pre-emptive steps.( With inputs from IANS )

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Mehul choksi, Latest News

International :Antigua to revoke Mehul Choksi's citizenship, extradite him soon

The citizenship of fugitive diamantaire Mehul Choksi, an accused in the multi-crore Punjab National Bank scam, will be revoked and he will be extradited to India once all his legal options are exhausted, Antiguan Prime Minister Gaston Browne has said ...

National :Specialists to ascertain if Mehul Choksi fit to travel: Bombay HC

A team of specialists from Mumbai's JJ Hospital will give a report to the Bombay High Court on the present health condition of fugitive diamantaire Mehul Choksi to ascertain whether he is fit to travel from Antigua to India for interrogation or not. ...

National :ED offers to provide air ambulance with medical experts to bring Mehul Choksi from Antigua

The Enforcement Directorate (ED) has offered to provide an air ambulance and a team of medical experts to bring back fugitive diamantaire Mehul Choksi from Antigua and provide him with all necessary treatment in India.im with all necessary treatment ...

National :Mehul Choksi's extradition request still under consideration of Antiguan authorities: MEA

India on Thursday said the extradition request of fugitive diamantaire Mehul Choksi is still under consideration of Antiguan and Barbuda authorities. ...

National :Willing to co-operate with ED, CBI in Antigua: Mehul Choksi

Fugitive diamantaire Mehul Choksi on Monday submitted an affidavit in the High Court here, stating that he is residing in Antigua and willing to co-operate in the investigation into Rs 13,000 crore PNB scam. ...

Business :MCA issues look out circular against 20 persons

The Ministry of Corporate Affairs (MCA) has sent out a look-out circular with the names of over 20 people suspected of economic offence, sources said on Monday. Sources said the circular includes the name of Naresh Goyal, the Chairman of the now-grou ...