Sakshi Education
- The Central Bureau of Investigation (CBI) has booked ABG Shipyard Ltd, in its biggest bank fraud case.
- CBI also booked its then Chairman and Managing Director Rishi Kamlesh Agarwal along with others.
- They have been booked for cheating a consortium of banks led by State Bank of India of more than Rs. 22,842 crore.
- They have been charged with alleged offences of criminal conspiracy, criminal breach of trust & abuse of official position and cheating, under the IPC and Prevention of Corruption Act.
- ABG is a Mumbai based shipbuilding company. It is a part of ABG Group of companies, but with diversified business interests. The company was established in 1985, with its headquartered in Mumbai. It has shipbuilding operations in Dahej and Surat in Gujarat. It operates a ship repair unit in Goa, after its acquisition of Western India Shipyard Limited in October 2010. ABG became one among the largest private ship building companies, with a capacity for manufacturing vessels up to 20 tonnes in weight.
Published date : 15 Feb 2022 07:03PM
