New Delhi : Union Finance Minister Nirmala Sitharaman told the Lok Sabha that the Enforcement Directorate (ED) has seized assets worth Rs 22,280 crore from economic offenders. This includes Vijay Mallya's assets worth Rs 14,131 crore and Nirav Modi's assets worth Rs 1,052 crore. Speaking in Parliament during the winter session, Sitharaman said that the ED has successfully returned assets worth Rs 22,280 crore to public sector banks. In the Vijay Mallya case, Rs 14,131.6 crore has been recovered and these assets have been returned to the public sector banks.
Finance Minister informed that Rs 1,052.58 crore has been returned to public and private banks in the case of Nirav Modi. Along with this, the government has given the message that criminals who flee the country will also not be spared. The Finance Minister said that the government has not spared anyone. Action has been taken against those who fled the country. ED has recovered the money and returned it to the banks. Where and how much money was recovered from
SRS Group: Rs 20.15 crore recovered. Rose Valley scam: Rs 19.40 crore recovered. Surya Pharmaceuticals Limited: Rs 185.13 crore recovered. Mehul Choksi case: Assets worth Rs 2,565.90 crore have been seized, which will be auctioned.
Speaking on inflation, the Finance Minister said that inflation has been controlled better during the NDA government. The retail inflation rate between April-October 2024-25 stood at 4.8 percent, which is the lowest after the Covid pandemic. He said that during the UPA government the inflation rate had reached double digits. Nirmala Sitharaman also clarified that there is no general slowdown in the manufacturing sector and more than half of the sectors are growing strongly. This strict action of the government has made it clear that the government is fully committed to cracking down on the criminals who fled the country and compensating the losses suffered by the banks.
Sitharaman said that the Black Money Act implemented in 2015 has had a big impact on taxpayers. Under this, 2 lakh taxpayers have disclosed their foreign assets in 2024-25, which was 60,467 in 2021-22. Till June 2024, a demand of Rs 17,520 crore has been made in 697 cases under this law and 163 cases have been registered.
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