India, Feb. 9 -- Two promoters of a Delhi-based rice company, Karan A Chanana and Anita Daing, have been declared fugitive economic offenders (FEOs) by a Delhi court on the request of the Enforcement Directorate (ED), a move which allows the agency to confiscate their properties anywhere in the world, people familiar with the development said.

Chanana, chairman of Amira Pure Foods Pvt Ltd (APFPL) and Daing, the whole-time director, are accused cheating a consortium of banks led by Canara Bank of Rs.1,200 crore.

The FEO declaration under the FEO act, 2018, was cleared by special judge Rajesh Malik on February 6. Besides declaring them FEOs, the court also directed the confiscation of their assets worth Rs.123 crore.

Chanana is said to b...