India, March 31 -- The Enforcement Directorate has investigated 1,105 bank fraud cases under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday.

In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act (FEOA), 2018, was enacted to deter economic offenders from evading Indian law by staying abroad and was applicable to offences involving Rs 100 crore or more.

The actions taken under this Act include confiscation of properties, proceeds of crime, benami properties, lookout notices through the Bureau of Immigration, prohibition on raising capital and acquiring shares or voting rights.

Sitharaman, who is also in charge of the corporate affairs ministry, ma...