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NEW DELHI: Fugitive economical offenders collectively owed much than Rs 58,082 crore to Indian nationalist assemblage banks, the Union concern ministry has informed Lok Sabha connected Monday. The fig included Rs 26,645 crore successful main and Rs 31,437 crore successful accumulated involvement arsenic of October 31, 2025.
The ministry informed that a full of 15 individuals, including Vijay Mallya and Nirav Modi, person been declared Fugitive Economic Offenders (FEOs) nether the Fugitive Economic Offenders Act, 2018, of which 9 are linked to large fiscal frauds involving nationalist assemblage banks.
The authorities Vijay Mallya's Kingfisher Airlines-related accounts amusement 1 of the largest exposures, with the State Bank of India reporting Rs 6,848.28 crore successful main dues, which emergence to Rs 11,960.05 crore aft interest.
Multiple different PSU banks besides study unpaid amounts linked to him. Nirav Modi, done assorted entities including Firestar and diamond radical companies, owes much than Rs 7,800 crore successful main alone. The azygous largest enactment point is Rs 6,799.18 crore nether Punjab National Bank’s "non-borrowal fraud" category. His accounts besides diagnostic crossed SBI, Bank of India, Canara Bank, Indian Bank and others. Companies linked to the Sandesara household (Sterling Biotech, Sterling SEZ, Sterling Global Oil Resources and related entities) appeared successful respective indebtedness accounts crossed aggregate banks.
Some of the biggest exposures see Rs 1,392.78 crore owed to Bank of India and Rs 982.50 crore to the State Bank of India. Till date, banks person managed to retrieve Rs 19,187 crore from each fugitive offenders truthful far, according to the concern ministry. This means that retired of the Rs 58,082 crore owed, astir Rs 38,895 crore remains unpaid, outstanding main and involvement that banks person not been capable to retrieve yet.The authorities besides told the House that lone 2 fugitive offenders person negotiated One-Time Settlements (OTS): Nitin and Chetan Sandesara with Indian Bank, and Sterling Global Oil Resources Pvt Ltd with the State Bank of India. In effect to whether a argumentation is being drafted to forestall economical offenders from leaving the country, the authorities said that nary specified connection is presently nether consideration.Read the reply here:
