The Enforcement Directorate has attached properties worth about ₹47,099 crore in 515 money laundering cases related to fraud in public and private sector banks during 2014-2022, according to the Finance Ministry.
In response to a query from Lok Sabha Member Ritesh Pandey, the Minister of State in the Finance Ministry said the ED has filed charge sheets before special courts in 115 cases.
“Also, out of the aforementioned 515 cases, 137 cases pertain to the bank frauds wherein amount involved is more than ₹100 crore in each case. In certain cases of loan fugitives, the ED has also attached assets worth ₹19,312 crore up to July 29, 2022,” under the provisions of the Prevention of Money Laundering Act. The figure is 85.50% of the defrauded amount of ₹22,586 crore in these cases.
