More power to law: Govt mulling statutory backing for look-out circular

A look-out circular ceases to exist once an accused wanted for financial crimes is granted bail

Government is planning to give a 'statutory backing' on look-out circulars because without backing, such a notice cannot be issued against an economic offender out on bail, said a report by the Economic Times. 

The leading daily also said that the government is planning to amend the look-out circular to alert or verification. The government will take such a step to arm investigative agencies to keep tabs on the accused who may flee the country. With this 'statutory backing' in place, the investigative agency can formally keep an eye on the movements of the accused and ensure that he does