Consider the following statements regarding the Fugitive Economic Offenders Act:
1. A Fugitive Economic Offender (FEO) is a person who has fled the country and against whom an arrest warrant has been issued for involvement in economic offenses involving at least Rs. 100 crores.
2. Under the Act, authorities are empowered to confiscate assets even when no conviction has been obtained.
3. Financial Intelligence Unit is the nodal agency to implement the Act.
How many of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All 1, 2 and 3
5
Question not attempted
5
Question Not Attempted