ABG Shipyard | Bank Fraud | SBI | CBI | India's Biggest Bank Fraud - Amit Notes

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Feb 12, 2022

ABG Shipyard | Bank Fraud | SBI | CBI | India's Biggest Bank Fraud


The cbi has registered one of the biggest bank fraud cases ever the central agency has booked ABG shipyard limited one of india's largest private sector shipyard firm and its directors in this bank fraud case amounting to over 22,000 draws the fraud is even bigger than punjab national bank scam involving neerav modi and mahul choksi the biggest banking fraud worth rupees more than 22,000 crore has taken place in india where the central bureau of investigation CBI is still conducting searches at several places in mumbai and in gujarat but right now exclusively giving you the glimpse of one of the accused residents in mumbai and as you see this is the very particular building where in early in the morning hours a few of the officials of cbi had come they had probed the members who were there inside of the family let us tell you and give you the brief that the abg shipyard and its director have been booked by the cbi the directors are rishi agrawal mutaswami and ashwini kumar the allegedly they have allegedly defrauding defrauded 28 banks and the fraud has taken place for 22,842 crore abg shipyard limited is a flagship company of abg group which engages ship building and ship repair so here they have taken money from 28 different banks and the fraud took place between the year 2012 and 2017. 


in the year 2015 the company was facing some lows in the business and businesses and that is when the directors and the partners decided to go to the illegal ways by utilizing the bank's legal money and the biggest fraud has been notified now presently CBI is still conducting searches in mumbai and in gujarat where in mumbai there are other four places there where accused used to stay they have even more properties and that is why the CBI is trying to understand that who all are the members or are involved in this particular matter and because this has been notified as the biggest banking fraud for more than 22,000 crore now the interesting part would be that after filing and booking this particular case the CBI who is still conducting the searches what are the elements they get regarding this fraud and if there is any big fishy name behind it then 

WHO THAT PERSON WOULD BE?

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