💨 Abstract

The Special PMLA court in Lucknow has declared Rashid Naseem, the main promoter of Shine City Group, as a fugitive economic offender under the Fugitive Economic Offenders Act (FEOA) of 2018. The order was issued on April 30 due to Naseem's alleged fraud of Rs 800-Rs 1,000 crore against depositors.

Courtesy: theprint.in

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