India to ground defaulters


Jaitley: We can’t allow people to make a mockery of the law. You first indulge in loot and then refuse to submit to the jurisdiction of our legal system. — Bloomberg

MUMBAI: India is clipping the wings of businessmen it considers a flight risk.

Weeks after the nation’s largest bank fraud investigation began, lawmakers, bureaucrats and court officials began drafting tighter rules to prevent citizens fleeing abroad with unpaid dues.

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