Is absconding

Only in India are criminals still absconding; everywhere else, they have absconded or are at large. Confused?
Google this phrase “is absconding” (in quotes). The writers are nearly always from India or in India. Here is a recent article that is guilty of using this phrase.
http://www.moneylife.in/article/stockguruindia-allegedly-dupes-2-lakh-investors-of-over-rs1000-crore/15461.html
The sentence is, “According to these investors, the company’s managing director is absconding.”
They should have written, “According to these investors, the company’s managing director has absconded.”
Or, “According to these investors, the company’s managing director is in hiding.”