Hunter of FEO Act is going on fugitives like Mallya-Nirav, know how much recovery has been done till now

What major action has been taken against declared fugitive economic offenders?, The Central Government gave information in this regard in the Lok Sabha. Among these criminals, there are 15 financial fugitives including Nirav Modi, Vijay Mallya, Nitin Sandesara, from whom the government has given complete information about recovery till October this year. Answering the question asked in the Lok Sabha, the Finance Ministry said that till now a total of 15 persons have been declared under the Fugitive Economic Offender Act-2018.

Actually, the government was asked that how many people have been declared as Fugitive Economic Offenders so far under the Fugitive Economic Offenders Act, 2018. Especially in cases related to large-scale financial fraud against public sector banks. Information was sought about the losses suffered by public sector banks due to declared fugitive economic offenders.

Should such offenders be put in the watch list?

The government was also asked as to how many fugitive economic offenders have paid One Time Settlement till now.OTS) Under this, negotiations have been held for loan settlement. Is the government making any policy to ensure that in future such economic offenders are legally banned or put on watch list before leaving the country?

In response to this, the government said that Rs 19 thousand 187 crore has been recovered from 15 economic fugitives who defrauded the country’s banks of Rs 26645 (31437 with interest). Till October this year, the government has recovered more than half the amount from 15 economic fugitives including Nirav Modi, Vijay Mallya, Nitin Sandesara. Understand the information given by the government easily through tables.