Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

51 Absconders Defrauded the Nation of over Rs 17,900 Crore, Govt Tells Parliament

The government added that the ED and the CBI had filed applications in respect of these cases in the competent courts and the proceedings were either under investigation or trial.

PTI

Updated:December 4, 2019, 8:53 PM IST
facebookTwitter Pocket whatsapp
51 Absconders Defrauded the Nation of over Rs 17,900 Crore, Govt Tells Parliament
File photo of proceedings in the Lok Sabha.

New Delhi: A total amount of Rs 17,900 crore was defrauded by 51 absconders, who have run away from the country, the government informed Parliament on Tuesday.

The information was provided by Minister of State for Finance Anurag Singh Thakur in a written reply to a question on "fugitive economic offenders" in the Rajya Sabha.

"The Central Bureau of Investigation has reported that as on date, 51 absconders and proclaimed offenders in 66 cases are known to have left for other countries.

"Further, the CBI has reported that the total amount defrauded by the accused persons in these cases comes to Rs 17,947.11 crore (approximately)," the minister said.

He was also asked about how much concessions were given or loans written off in these instances.

"As reported by the department of financial services, the expected losses on stressed loans, not provided earlier under flexibility given to restructure loans, were reclassified as NPAs and provided for.

"Public sector banks initiated cleaning up by recognising NPAs and provided for expected losses," the minister said.

He added that the ED and the CBI had filed applications in respect of these cases in the competent courts and the proceedings were either under investigation or trial.

Thakur said the CBI was "processing" 51 extradition requests that were pending at various stages in respect of proclaimed offenders and absconders.

Talking about other central agencies, he said the Central Board of Indirect Taxes and Customs (CBIC) had reported about six fugitive economic offenders who had left the country illegally.

"The Enforcement Directorate has filed application against 10 individuals in the competent court under the Fugitive Economic Offenders Act, 2018," Thakur said.

As regards undertaking extradition requests to bring back the accused in these cases, he said the CBIC had sent two such requests to the Ministry of External Affairs in July.

"In respect of extradition requests sent by ED for 8 individuals, red-corner notices have also been published by Interpol," the minister said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results