December 20, 2022 4:43 PM

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ED seizes assets worth Rs over 33 thousand cr related to fugitive economic offenders

<span style="color: #222222;">The Enforcement Directorate has seized the assets worth more than 33 thousand crore rupees related to fugitive economic offenders including Vijay Mallaya, Nirav Modi, and Mehul Choksi.<br />''<br />''Out of this, assets over 15 thousand crore rupees have been restituted to the Public Sector Banks and the banks have realised seven thousand 975 crore rupees by the sale of these assets.<br />''<br />''This was stated by the Minister of State for Finance Dr. Bhagwat Karad in a written reply in Rajya Sabha today. He said, ED has informed that the Fugitive Economic Offenders did not pay their loan since 2014.<br />''<br />''The cumulative loan amount of these offenders is to the tune of 37 thousand 185 crore rupees.</span><br />

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