Celebrity jeweller Nirav Modi left India just days before the CBI started investigating him in connection with a Rs 11, 300 cr Punjab National Bank scam. Nirav Modi, his family members and business partner Mehul Choksi are accused of getting billions in credit from banks overseas after using PNB officials in Mumbai to issue fraud guarantees.
Yesterday, the government said his passport would be revoked and no one, no matter how big, would be spared. The diamond billionaire fled from the country on January 1 and was last seen in a group photo with Indian business leaders and Prime Minister Narendra Modi in Davos on January 23. Meanwhile, Nirav Modi fleeing from the country once again brings to limelight the cases of other economic offenders like Vijay Mallya, Lalit Modi and other who are on the run.
Here is the list of other fugitive economic offenders who are on the run:
Liquor baron Vijay Mallya is in self-imposed exile in the United Kingdom since March 2016 when he left India. Mallya is wanted on charged relating to his defunct Kingfisher Airlines defaulting on loans from various Indian banks amounting to Rs 9,000 crore. In April 2017, Mallya was arrested by the Scotland Yard on an extradition warrant and since then has been out on bail on a bond worth 650,000 pounds. Meanwhile, now Mallya is facing an extradition trail which will now determine whether he can be legally forced to go back to face the Indian courts.
Former IPL chairman is facing charges of tax evasion, money-laundering and proxy ownership linked to India’s cash-rich tournament. Modi left the country in 2010. Lalit Modi was created for creating the cash-rich and glitzy IPL in 2008. Later, he was expelled from the BCCI in 2010, which accused him of rigging bids and money-laundering among other cases. Meanwhile, Modi is living in exile in London while been facing an ED inquiry for financial violations.
The IT department has filed five prosecution complaints against corporate lobbyist Deepak Talwar who fled India last year and is currently living in the UAE, where he has been barred from leaving the country. He is under the IT scanner for allegedly receiving $100 million in individual and corporate bank accounts controlled by him and his family members in various tax jurisdictions.
The controversial arms dealer Sanjay Bhandari has been wanted for alleged violation of the FEMA law and for alleged violation of the Official Secrets Act (OSA). The case first came to light after the IT department conducted searches against him in April 2016 and recovered certain “sensitive” official defence documents from his premises. Bhandari is reported to have left India on December 2016 via Nepal and is now believed to be in London.