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The ones who got away: From Vijay Mallya to Nirav Modi, top fraudsters who fled India

The ones who got away: From Vijay Mallya to Nirav Modi, top fraudsters who fled India

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PNB fraud, the biggest banking scam in India, has yet again put focus on those offenders who fled the country after committing the crime. Here’s a look at those who left India after their names surfaced in major economic offence: 

1: Vijay Mallya: The ‘king of good times’ fled the country and is currently hiding in London. In India, Mallya faces several cases. The biggest case against him is how his Kingfisher Airlines defaulted on loans to the tune of Rs 9,000 crore from the banks in India. In 2016, a consortium of banks headed by teh SBI approached the Supreme Court to stop Mallya from going abroad. But the complaint came too late, baucuse by then Mallya had fled the country. As of now, India is trying to extradite him from the UK.

2: Lalit Modi: The man who gave Indians their biggest obsessions combined in one format - the Indian Premier league – left the country in 2010. Lalit Modi is reported to be staying in London. Teh Enforcement Directorate has got a ‘blue corner’ Interpol notice against Modi for breaching the FEMA rules.

3: Deepak Talwar: Little is known about this economic offender. It is said that he is currently living in the UAE. However, he can’t leave UAE. The Income Tax department has filed five prosecution complaints against the corporate consultant for allegedly receiving kickbacks worth hurdreds of crores in individual and corporate accounts controlled by him and his family.

4: Sanjay Bhandari: Another economic offender, Bhandari is known to be dealing in arms trade. He fled the country after agencies started probing Delhi-based hawala cases in 2016. Investigators found an entry of Rs 16 crore on behalf of his company and raided the premises. They found emails linking him with Sonia Gandhi’s son-in-law Robert Vadra, which were denied by Vadra’s lawyers. Bhandari is involved in purchase of trainer aircraft worth Rs 4,000 crore for the Indian Air Force.

5: Jatin Mehta: In 2013, a consortium of Indian Banks was hit when Winsome group led by Jatin Mehta failed to repay. The Punjab National Bank was hurt the most in the case. The bank lost Rs 1,800 in the credit extended to the Winsome House. Jatin Mehta and his wife are now citizens of the Federation of St Kitts and Nevis.   

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