Enforcement Directorate Action: The Enforcement Directorate (ED) has recently released its FEO (Fugitive Economic Offender) list, the names of 21 people including Nirav Modi and Vijay Mallya are included in this list. Taking major action against these people, ED has declared them fugitives. Not only this, the agency has also seized assets worth Rs 2178 crore of these accused.

It is written in the ED report…
The annual report of the Central Agency has been released on Friday. According to which, till now action has been initiated against 54 people under the Fugitive Economic Offenders Act (FEOA). Of these, 21 people have been declared fugitive economic offenders. Along with this, their assets worth about Rs 2178.34 crore have also been confiscated. The report also states that out of these 21, 9 people were declared fugitive economic offenders only during 2025-26.

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According to the report, the work of ED under FEOA has been quite effective in the last two financial years 2024-25 and 2025-26. During this period, a large amount of property has been seized and the number of accused declared absconding has also increased. The report also said that this makes it clear that the ED is committed to taking swift action against those who flee the country to avoid legal action.

Who else’s name is in the list?
According to this report of the Enforcement Directorate, in the last seven years the agency has declared 21 people as fugitive economic offenders. Apart from businessmen Nirav Modi and Vijay Mallya, these include UK-based arms consultant Sanjay Bhandari and Hazra Iqbal Memon (wife of Dawood Ibrahim’s associate Iqbal Mirchi). However, it has also been said in this report that the case of declaring diamond businessman Mehul Choksi, Islamic preacher Zakir Naik and Mahadev App associated Saurabh Chandrakar and Ravi Uppal as fugitive economic offenders is still pending in the court.

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What is FEO?
Let us tell you that FEO i.e. Fugitive Economic Offender is one against whom any court of India has issued an arrest warrant for committing a scam of at least Rs 100 crore or more and that person flees the country to avoid punishment and refuses to return to India.