Madras High Court Praises TN Govt for Including Economic Offender Under Goondas Act

The Madras High Court has appreciated the Tamil Nadu Government for including economic offenders under the TM Goondas Act. The court held that the policy shift would strengthen the government's power to combat economic offences.

The Court held that the state issued a Standard Operating Procedure, bringing in various departments to ensure that offences under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997, are dealt with in a time-bound manner.

The Court appreciated the State for constructively responding to earlier criticism and taking effective steps to implement the Act, aimed at protecting the interests of depositors and investors. 

(T Prabhakar v. Mr. Dheeraj Kumar and Others)