ED attaches assets worth Rs 2,747 crore belonging to ABG Shipyard in Rs 22,842 crore bank fraud case
The ED probe revealed that ABG Shipyard Ltd and its Chairman & Managing Director Rishi Kamlesh Agarwal availed various credit facilities/loans from a consortium of Banks on the pretext of meeting its capital requirements and other business expenses.
Sep 22, 2022, 20:26 PM IST
ABG Shipyard Bank Fraud: ED files money laundering case against shipbuilding firm
ED has registered a criminal case of money laundering against ABG Shipyard Ltd.
Feb 16, 2022, 22:13 PM IST
ABG Shipyard: Such fraud of public money never happened in 75 years, reacts Rahul Gandhi
The CBI has booked ABG Shipyard Ltd and its then Chairman and Managing Director Rishi Kamlesh Agarwal for defrauding a consortium of State Bank of India (SBI) of over Rs 22,842 crore, in its biggest bank fraud case. Speaking on the matter, Rahul Gandhi has made a scathing attack on the Modi government.
Feb 13, 2022, 23:44 PM IST
Bank Fraud: Complaint of SBI's DGM, investigation lasted for several months
CBI has registered an FIR in the biggest scam in banking history. This scam is being told of Rs 22842 crore. In the CBI FIR, ABG Shipyard Company of Gujarat and its associate companies have been held responsible for the scam.
Feb 13, 2022, 09:30 AM IST
Fresh bids invited for ABG Shipyard under insolvency law
ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.
Apr 19, 2018, 12:31 PM IST
Govt notifies changes in Banking Regulation Act
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).
Aug 27, 2017, 17:55 PM IST
Cafral study claims positive market response to NPA Ordinance
Since the Ordinance and naming of 12 largest defaulters, the banking index gained over 5 per cent, says the report based on the stock performance between May 4 and June 13.
Aug 25, 2017, 19:37 PM IST
ABG Shipyard in talks with Privinvest for strategic stake sale
The company did not offer any clarity on the equity percentage to be sold, but Privinvest is expected to buy up to 49 percent through fresh equity worth Rs 1,000 crore.
Jun 12, 2015, 15:55 PM IST
