<div class="msg">''<div dir="ltr">''<div>The Enforcement Directorate (ED) has initiated the process to confiscate properties of Vijay Mallya, Nirav Modi and Mehul Choksi, days after the promulgation of the Fugitive Economic Offenders Ordinance.&nbsp;</div>''<div><br />''</div>''<div>Sources said, the ED has decided to approach various special anti-money laundering courts in the country seeking that Mallya, Modi and Choksi be declared fugitives who had defied non-bailable arrest warrants to stay put abroad and to get orders issued against them under the new ordinance.&nbsp;</div>''<div><br />''</div>''<div>The ED is the empowered agency to enforce the new ordinance. The agency has identified assets worth over 12,000 crore rupees belonging to a few economic offenders who have fled the country and which can be confiscated.&nbsp;</div></div></div>