'govt says 15 feos owe Rs.58k-cr to public banks'
New Delhi, Dec. 2 -- The Centre informed the Parliament on Monday that 15 fugitive economic offenders (FEOs), including the Sandesara brothers, Nirav Modi and Vijay Mallya, together owe Rs.58,082 crore to about a dozen public sector banks, majority of which is the interest component of the loans they took. In a written reply in Lok Sabha, Union Minister of State for home Pankaj Chaudhary gave statistics of dues and settlement so far in cases pertaining to the FEO Act.
Chaudhary said that, as of October 31 this year, 15 people have been declared as FEOs under the 2018 Act, out of which nine are related to large-scale financial frauds committed against public sector banks.
The list includes names like the Sandesaras brothers, and Nirav Modi and Vijay Mallya, both based in London
According to the data shared by Chaudhary, the 15 FEOs collectively owe Rs.26,645 crore as principal loan amount to the banks, while the interest component is Rs.31,437 crore.
The total amount comes to Rs.58,082 crore, which these 15 people owe to 12 state-owned banks, including Punjab National Bank, Bank of Baroda, State Bank of India, UCO Bank, Punjab and Sind Bank and Indian Bank....
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