Question
With reference to the Fugitive Economic Offenders Act, 2018, consider the following statements. 1. A Fugitive Economic Offender is a person against whom an arrest warrant has been issued for committing any offence listed in the Act, and the value of the offence is at least Rs 1000 crore. 2. The Department of Economic Affairs in collaboration with the Ministry of Finance may declare a person as a Fugitive Economic Offender. 3. There is provision of confiscation of properties of a Fugitive Economic Offender which are proceeds of crime, Benami properties and any other properties both in India and abroad. Which of the statements given above is/are correct?
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