India mulls measures to seize assets of financial offenders

New Delhi

INDIA is considering new measures to seize the assets of "big time offenders" who flee abroad, the finance minister said Wednesday, after tycoon Vijay Mallya left for Britain last year owing over US$1 billion.

Arun Jaitley flagged a proposal to confiscate the domestic holdings of criminals and financial offenders who have escaped the jurisdiction of Indian authorities.