Court declares 2 businessmen fugitive economic offenders in case linked to illegal remittances: ED

A special court in Chennai has declared two businessmen as fugitive economic offenders in a money laundering case linked to remittances sent abroad in an alleged illegal manner, the Enforcement Directorate said on Saturday.

The federal agency identified the two as Sudarshan Venkatraman and Ramanujam Sesharathnam, the erstwhile promoter directors of Zylog Systems Limited.

“A special CBI court in Chennai has declared them as ‘Fugitive Economic Offenders’ for the offences under the Fugitive Economic Offenders Act, 2018 (FEOA),” it said.