Overview

• Chief Minister Devendra Fadnavis announced on July 15 that the government will amend the 1999 MPID Act to raise the maximum jail term from six to 20 years and increase the cap on fines to ₹20 lakh.
• An outsourced team of financial experts will be deployed to assist police and prosecutors in identifying, valuing and liquidating properties linked to depositor fraud, aiming to cut the current nine-month recovery process.
• Minister of State for Home Yogesh Kadam confirmed that asset recovery now takes about nine months due to procedural delays in property evaluation and sale.
• The Financial Intelligence Unit will continue monitoring high-yield investment schemes to flag suspicious offers and prevent fraud before it occurs.
• BJP legislators pointed to past undervaluation of assets at NCLT auctions as evidence of enforcement gaps that the legal reforms intend to close.