Surgical Strike on Bank Fraud: ₹64,920 Cr Assets Seized, Fugitives Targeted

• Finance Minister Nirmala Sitharaman announced that the ED investigated 1,105 bank fraud cases under the Money Laundering Act.
• Assets worth ₹64,920 crore linked to crime have been attached, with ₹15,183 crore already returned to public sector banks.
• 150 arrests made, 277 prosecution complaints filed, and several accused declared Fugitive Economic Offenders.
• Major cases like Nirav Modi and Vijay Mallya are being pursued, with assets seized to facilitate recovery.
• In the PMC Bank scam, ₹104 crore recovered and ₹725 crore assets seized; the bank merged with Unity Small Finance Bank.