Need to eliminate safe heavens for economic offenders, Modi tells May

Hangzhou (China): Prime Minister Narendra Modi on Monday discussed about enhancing the ties between United Kingdom and India in his first bilateral meeting with Britain's newly appointed Prime Minister Theresa May on the sidelines of the G-20 Summit.

The Indian Prime Minister stated that fighting corruption, black money and tax-evasion were central for effective financial governance. "We need to act to eliminate safe havens for economic offenders, track down and unconditionally extradite money launderers," said the Premier while discussing on building opportunities aftermath UK’s exit from the European Union which is the world’s largest market.

Also read: G-20 Summit: PM Modi raises concerns over CPEC, NSG, terrorism

Modi congratulated Theresa May in telephonic conversation:

It may be recalled that Prime Minister Narendra Modi had earlier congratulated May after she was designated as the British Prime Minister and had affirmed India's commitment to strengthen the bond between the two nations.

May too had responded positively to the Indian PM saying that the UK was also looking forward to working closely with India in a bid to develop stronger ties and enhance cooperation.