ED booked 19 people under Fugitive Economic Offenders Act

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ET BureauLast Updated: Aug 01, 2023, 07:26 PM IST

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The Enforcement Directorate has booked 19 people under the Fugitive Economic Offenders Act and out of that 10 persons have been declared as Fugitive Economic Offenders by various courts, the government told parliament Tuesday. These economic offenders were involved in fraud of over Rs 40,000 crores.

The Enforcement Directorate has booked 19 people under the Fugitive Economic Offenders Act and out of that 10 persons have been declared as Fugitive Economic Offenders by various courts, the government told parliament Tuesday.

These economic offenders were involved in fraud of over Rs 40,000 crores.

Out of that four economic offenders have been deported or extradited to India by the Enforcement Directorate.

The list includes Vijay Mallya, Nirav Modi, Nitin Jayantilal Sandesara, Chetan Jayantilal Sandesara, Dipti Chetan Jayantilal Sandesara, Hitesh Kumar, Narendrabhai Patel, Junaid Iqbal Memon, Hajra Iqbal Memon, Asif Iqbal Memon and Ramachandran Vishwanathan.

“As on date, assets amounting to Rs. 15113.02 crores have been confiscated under PMLA and restituted to public sector banks. Furthermore, assets amounting to Rs. 873.75 crore have also been confiscated under FEOA in respect of the said FEOs.

Tuesday, 01 Aug, 2023

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