38 Bank Frauds Fled The Country In 4 years

According to a recent announcement by the government, thirty-eight names, which were filed under bank fraud cases and investigated by Central Bureau of Investigation, had fled the country in four years, between January 1, 2015, and December 31, 2019. The Enforcement Directorate has also informed the Minister of State that applications for Red Corner Notice against 20 people, under the Prevention of Money Laundering Act, 2002 have been filed with Interpol. Extradition requests have been sent for 14 people to various countries, while applications under the Fugitive Economic Offenders Act, 2018 have been filed against 11 people. Red Corner Notice has been issued for individuals sought for prosecution. They are issued by the Interpol on request of the National Central Bureau and other authorised agencies. As per the data available, the list of fugitives includes Vijay Mallya, promoter...