List of fugitive economic offenders in India does not end with Vijay Mallya

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

Vijay Mallya

Vijay Mallya

BS Web Team New Delhi
The Supreme Court of India declared its verdict in a contempt case against liquor baron Vijay Mallya on Monday and awarded him a sentence of 4 months in jail. It also imposed a fine of Rs 2,000. Mallya has been declared a fugitive economic offender (FEO) by the government of India under the Fugitive Economic Offenders Act, 2018, for defaulting on repayment of loans worth over Rs 9,000 crore. He had taken the loans for the now-defunct Kingfisher Airlines. Mallya fled India and has been living in the UK since 2016.

But Mallya is not the only fugitive economic offender. In a reply in Lok Sabha in 2020, minister SP Shukla said that 72 Indians charged with financial

First Published: Jul 11 2022 | 11:57 AM IST

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