According to the list submitted by the Finance Ministry in the Lok Sabha, there are 28 fugitive economic offenders in India. The list was topped by Vijay Mallya, who has allegedly defrauded banks of around Rs 7,500 crore, based on two complaints by investigating agencies. These allegations are being investigated and under trial.

Vijay Mallya was the Chairman and MD of the now-closed Kingfisher Airlines, that incurred heavy losses and debts since its inception. He allegedly has to pay dues to 13 Indian banks, including SBI.

Among the top five are jewellers Mehul Choksi and Nirav Modi who are accused of fraudulently obtaining money from the Punjab National Bank. Chetan, Nitin and Diptiben Sandesara, the promoters of Sterling Biotech Ltd have defaulted loans from Andhra Bank. The Enforcement Directorate has already attached the company's assets worth Rs 4,701 crore in the fraud and money laundering case.