👉 In this background, the Union Ministry has disclosed important matters in the Rajya Sabha. The Finance Ministry said on Tuesday that the Enforcement Directorate has taken up 1,105 bank fraud cases in the country,
in which proceeds of crime worth Rs 64,920 crore have been attached and 150 people have been arrested. Minister of State for Finance Bhagwat Karad gave an explanation in a written reply to a question in the Rajya Sabha. It said the number of willful defaulters with loans of Rs 25 lakh and above from public sector banks increased from 10,209 cases at the end of June 2019 to 14,159 at the end of March 2023.
🏦 In the case of private sector banks, there were 1,950 defaulter cases at the end of June 2019, which increased to 2,504 at the end of March 2023. “According to inputs received from the Directorate of Enforcement (ED), it has received around 1,105 bank fraud cases, including those related to willful evaders, for investigation under the provisions of the Prevention of Money Laundering Act, 2002 (PMIA). Necessary steps have been taken as per PMLA rules, he said. As a result of this, about Rs.64,920 crores of revenue has been attached, Minister Karad said. Minister of State for Finance Bhagwat Karad said that a total of 150 accused have been arrested in this fraud case and 277 prosecution complaints have been filed before a special court. 🏦✨
