Fifteen people have been declared wanted by courts under the Fugitive Economic Offenders Act as of October 31, 2025. Nine of them are connected to large financial frauds against public sector banks, the Finance Ministry told the Lok Sabha on December 1, 2025. The total principal loan amount linked to these fugitives was ₹26,645 crore when declared non-performing. Interest on these loans until October 31, 2025, added up to ₹31,437 crore. So far, ₹19,187 crore has been recovered. Two fugitives chose a one-time settlement, paying ₹1,630 crore after discounts of ₹3,542 crore. The list includes Nirav Modi, Vijay Mallya, and the Sandesara siblings—Nitin, Chetan, and Dipti—from the Sterling Group. Others are Hitesh Kumar, Narendrabhai Patel, Sudharshan Venkataraman, Ramanujam Sesharathinam of Zylog Systems, and Pushpesh Kumar Baid. Nitin and Chetan Sandesara have settled some dues with Indian Overseas Bank, Punjab National Bank, Union Bank of India, and State Bank of India. Last week, the Supreme Court allowed quashing of all criminal cases against the Sandesara brothers in the Sterling Biotech bank fraud. This would happen if they pay ₹5,100 crore as full and final settlement to banks. The court said, "If the petitioners (Sandesara brothers) are ready to deposit the amount as settled in the one-time settlement (OTS), and public money comes back to the lender banks, the continuation of the criminal proceedings would not serve any useful purpose." The Finance Ministry also said that since June 2014, 120 people have been convicted under the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate (ED) registered 6,312 cases, filing 1,805 main and 568 supplementary prosecution complaints by October 31, 2025. After a 2019 law amendment, the ED must submit closure reports on cases to a Special Judge. Since then, 93 cases without money laundering offence were closed. Before this, from 2005 to 2019, 1,185 cases were closed with regional approval.