Archive · 2 Dec 2025
Fugitive Offenders Owe Indian Banks Rs 58,000 Crore
The Indian government told Parliament that 15 people who ran away from India owe banks a lot of money.
These people, like Vijay Mallya and Nirav Modi, owe a total of Rs 58,082 crore.
This includes the money they borrowed and the interest that has added up.
The government has gotten back some of this money, about Rs 19,187 crore, by taking their things and selling them.
There are 15 people in total who are in this list, and the government is still trying to get more money back and bring these people back to India.
Some of these people have already agreed to pay back some of the money they owe.
15 individuals declared as 'fugitive economic offenders' owe Indian public sector banks a total of Rs 58,082 crore, including Rs 26,645 crore in principal and Rs 31,437 crore in interest.
High-profile names include Vijay Mallya and Nirav Modi, among others declared under the Fugitive Economic Offenders Act, 2018.
Banks have recovered approximately Rs 19,187 crore, which is about 33% of the total claim.
Nine of the 15 fugitives are linked to major financial frauds involving public sector banks.
The government continues to pursue asset seizures, extradition, or legal proceedings to recover the remaining dues.
- Who
- 15 fugitive economic offenders, including Vijay Mallya and Nirav Modi
- What
- Owe Indian public sector banks a total of Rs 58,082 crore, including principal and interest
- When
- Details revealed on December 1, 2025
- Where
- India
- Why
- These individuals fled the country after defaulting on large loans, causing significant financial loss to banks
- Total Outstanding Amount
- Rs 58,082 crore
- Principal Amount Owed
- Rs 26,645 crore
- Interest Accrued
- Rs 31,437 crore
- Amount Recovered
- Rs 19,187 crore
- Number of Fugitive Economic Offenders
- 15
- Number of Fugitives Linked to Major Frauds
- 9
- Percentage of Total Claim Recovered
- 33%
- Number of Fugitives in Settlement Talks
- 2
Sources
‘Fugitive Offenders Like Vijay Mallya, Nirav Modi Owe Banks Rs 58,000 Crore’: Centre Reveals Details
Rs 57,000 crore bank fraud: MoS names Vijay Mallya, Nirav Modi among 15 top FEOs in Lok Sabha - Business News
Parliament Winter Session 2025: 15 Fugitive Economic Offenders Named In Parliament; Vijay Mallya, Nirav Modi Included In List
15 declared offenders under FEO Act caused Rs 26,645 crore loss, Union minister tells Lok Sabha
15 Fugitive Economic Offenders Owe Rs 58K Cr to Banks: Govt
Vijay Mallya, Nirav Modi Among 15 Declared Fugitive Economic Offenders Causing ₹26,645 Crore Loss: Union MoS For Finance Pankaj Chaudhary
Editorial. Unprecedented ruling
Vijay Mallya, Nirav Modi among 15 ‘fugitive economic offenders’ who owe Rs 58,000 cr: Govt
What after relief to Sandesaras? ED braces for other defence petitions
Vijay Mallya, Nirav Modi among 15 declared Fugitive Economic Offenders; owe ₹58,000 crore to PSBs: Govt in Parliament
