Move over Mallya & Choksi, Govt taking actions against dozen bank frauds
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Move over Mallya & Choksi, Govt taking actions against dozen bank frauds

The likes of Vijaya Mallya and Mehul Choksi may be are headline hunters. But the government of India is working on at least dozen others who have been involved in financial irregularities with the banks as well as who are under criminal investigation.

According to sources in the Enforcement Directorate, such names and also the list provided to the Minister of External Affairs include three women.

The list has the names of Vijay Mallya, Jatin Mehta, Lalit Modi, Nirav Modi, Mehul Choksi,Ritesh Jain, Nitin Jayantilal Sandesra, Chetan Jayantilal Sandesra, Ms Dipti Chetan Sandesra, Hitesh Narendrabhai Patel, Ms Mayuriben Patel, Ashish Suresh Bhai and Mrs. Priti Ashish Jobanputra.

Sources said the number of Indians involved in financial irregularities with the banks as well as who are under criminal investigation - who are living abroad/fled abroad - during the last three and half years that is -2015, 2016, 2017 and 2018 up to June 30, 2018 have 23 names.

Out of these eight names figure in both the list.The officials in multiple ministries say continuous efforts are being made for securing presence of these accused in the country by way of issuance of various tools available including Red Corner Notice and Extradition requests.

The Government also feels that enactment of the Fugitive Economic Offenders Act will help a lot in curbing such crimes and also bringing the accused to justice.The Bill has been passed in Lok Sabha already during the ongoing Monsoon session of Parliament. The new law is effective as an Ordinance was promulgated. (UNI)