ED’s Big Bang! 21 including Nirav Modi, Vijay Mallya declared ‘fugitive criminals’; Assets worth 2178 crores seized

• 21 persons including Nirav Modi, Vijay Mallya declared ‘fugitive criminals’
• As mentioned in the ED report…
• Who else is on this list?

Enforcement Directorate Action: Enforcement ED has taken its biggest ever action against financial criminals who have spread abroad by siphoning off thousands of crores from banks in the country. A total of 21 persons, including Vijay Mallya and Nirav Modi, have been officially declared ‘fugitive financial offenders’, the Enforcement Directorate has informed in its latest report. Assets worth around Rs 2,178.34 crore have been seized so far under this operation. But let’s understand what is the real issue.

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As mentioned in the ED report…

The annual report of this Central Investigation Agency was released on Friday. According to the report, legal proceedings have been initiated against a total of 54 persons under the Fugitive Economic Offenders Act so far. Of these, 21 persons have been declared as ‘fugitive economic offenders’. Additionally, assets worth approximately Rs 2,178.34 crore belonging to these individuals have been seized. The report also states that out of these 21 persons, nine persons have been declared as ‘fugitive financial offenders’ only during the period 2025-26.

ED action was very effective

According to the report, the ED’s action under ‘FEOA’ has been very effective in the last two financial years—2024-25 and 2025-26. A large amount of property has been seized during this period and the number of accused who have been declared ‘absconding’ has also increased. The report further states that this clearly shows the ED’s determination to take prompt action against those who flee the country to avoid legal action.

Who else is on this list?

According to this report by the Enforcement Directorate, the agency has declared 21 persons as ‘fugitive financial offenders’ in the last seven years. Apart from businessmen Nirav Modi and Vijay Mallya, the list includes British-based arms consultant Sanjay Bhandari and Hazra Iqbal Memon’s wife Dawood Ibrahim’s associate Iqbal Mirchi. But the report also states that the process of declaring diamond merchant Mehul Choksi, Islamic preacher Zakir Naik and Saurabh Chandrakar and Ravi Uppal as ‘fugitive financial offenders’ in connection with the ‘Mahadev App’ case is currently pending in the courts.

What is FEO?

FEO i.e. ‘Fugitive Economic Offender’ — is a person against whom an arrest warrant has been issued by any court in India for defrauding an amount of at least 100 crore rupees or more; And who then flees the country to escape punishment and refuses to return to India.

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