Who sanctioned loans to Nirav Modi, Vijay Mallya in first place: Rajnath Singh

File photo of Union Home Minister Rajnath Singh. Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Mar 18, 2018, 08.17 AM (IST)

Addressing the Holi Milan Samaroh in Lucknow on Saturday Home Minister Rajnath Singh asked the opposition about who sanctioned loans to fugitives Vijay Mallya, Nirav Modi and others. 

He said, "the Modi government was blamed for the recent revelations of bank fraud that unearthed Nirav Modi, Vijay Mallya and others. However, I would want to ask that who had sanctioned them loans in the first place".

He also highlighted at the Fugitive Economic Offenders Bill that was recently introduced in the Parliament earlier this month.

He said," Our government prepared the Fugitive Economic Offenders Bill for this and it has already been introduced in the parliament"

He added that through the bill the government will seize the property of economic offenders who flee abroad.

Fugitive Economic Offenders Bill 2018 was proposed to confiscate the assets of a fugitive, including Benami assets. 

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