India, Feb. 9 -- A special court here has declared two promoters of a Delhi-based rice company as fugitive economic offenders in connection with an alleged Rs 1,200 crore bank loan fraud case against them.

The court of special judge Rajesh Malik declared Karan A Chanana, chairman and managing director of Amira Pure Foods Pvt Ltd (APFPL) and Anita Daing, the whole-time director of the said company, as offenders under the Fugitive Economic Offenders Act (FEOA), 2018, on Friday, according to an order.

The court also directed the confiscation of assets worth Rs 123 crore of the accused, ED officials said. Chanana is stated to be based in the UK, while Daing is located in Dubai.

The money laundering case of 2022 stems from a 2020 CBI FIR re...