India, Aug. 21 -- The Delhi high court on Thursday reserved its verdict on an appeal by London-based arms middleman Sanjay Bhandari challenging a trial court's order designating him as a fugitive economic offender (FEO), which would allow the authorities to confiscate Bhandari's properties worldwide.

Justice Neena Bansal reserved the verdict after the Enforcement Directorate (ED), represented by additional solicitor general SV Raju and special counsel Zoheb Hossain, asked the single bench to reject the petition, insisting that the agency had sufficient evidence that Bhandari evaded taxes to the tune of Rs.100 crore. The Fugitive Economic Offenders Act, 2018, can only be invoked against offenders where the total value of scheduled offence...