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The Enforcement Directorate (ED) has initiated the process to confiscate properties of Vijay Mallya, Nirav Modi and Mehul Choksi, days after the promulgation of the Fugitive Economic Offenders Ordinance. 

Sources said, the ED has decided to approach various special anti-money laundering courts in the country seeking that Mallya, Modi and Choksi be declared fugitives who had defied non-bailable



arrest warrants to stay put abroad and to get orders issued against them under the new ordinance. 

The ED is the empowered agency to enforce the new ordinance. The agency has identified assets worth over 12,000 crore rupees belonging to a few economic offenders who have fled the country and which can be confiscated. 





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