Mallya, Nirav Modi Lead List Of 15 Declared Fugitive Economic Offenders

Nirav Modi, Mehul Choksi, Vijay Mallya, Nitin Sandesara, Chetan Sandesara and Sudarsan Venkatraman are among India's 15 Fugitive Economic Offenders (FEOs) as of October 31, 2025, as they together are responsible for causing financial losses of over Rs 58,000 crore to public sector banks and institutions.

Union Minister of State for Finance Pankaj Chaudhary provided the details in a written reply to the Lok Sabha on Monday, informing that the Central government declared these 15 individuals as FEOs under the Fugitive Economic Offenders Act, 2018.

Of these, the Minister said nine individuals are linked to major financial frauds targeting public sector banks, and that two of these offenders have negotiated loan settlements under the One-Time Settlement (OTS) mechanism.