Finance Minister Nirmala Sitharaman reported in the Lok Sabha that the Enforcement Directorate (ED) has recovered Rs 22,280 crore in illicit assets, aiding public sector banks and defrauded investors. Key recoveries include Rs 14,132 crore from Vijay Mallya and Rs 1,053 crore from Nirav Modi. The government remains committed to combating economic offenses.
In a ruling on Wednesday(13th Nov), the Supreme Court emphasized that the Executive cannot replace the Judiciary and the law should not prejudge an accused’s guilt, notably in response to petitions against “bulldozer actions” in which the properties of alleged offenders are demolished by state authorities.
