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ABG FRAUD
IL&FS probe: PMLA court grants bail to ABG Shipyard chairman Rishi Aggarwal, wifeThe Enforcement Directorate (ED) probing the case has accused Aggarwal and his companies of causing loss of over Rs 2,000 crore to IL&FS Fi...- ABG Shipyard's former chairman Rishi Agarwal granted bailAgarwal was arrested by the CBI for his alleged involvement in an alleged ₹22,842-crore bank fraud case.
- CBI: ABG siphoned off borrowed funds on ex-chairman's orderThe agency alleged that a large part of the borrowed money "has been moved out of India in violations of the sanctioned terms and condition...
- ABG Group's founder-chairman Rishi Agarwal arrested in Rs 22,842-crore fraud caseAgarwal, the then CMD, was booked along with the company in February. Besides Agarwal, the then Executive Director Santhanam Muthaswamy, Di...
- ED raids multiple locations in Mumbai, Pune & Surat in ABG Shipyard bank fraud caseAs many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laun...
- CBI probe in ABG Shipyard case delayed by some states including Maharashtra, says govtFinance minister Sitharaman took a dig at the previous UPA government and said eight times money was given to ABG Shipyard, a company that ...
- ABG Shipyard fraud: Independent directors under scanner nowThere were four independent directors on the board of ABG Shipyard including two nominated by one bank that is part of the consortium. The ...
- ABG Shipyard allegedly used 38 overseas companies to divert fundsBoth the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have booked ABG Shipyard and its directors on charges of cr...
- Loan fraud: CBI grills ABG Shipyards Chairman Rishi Kamlesh AggarwalThe CBI, which had recently issued look out circular (LOC) against him and eight others connected to the case, had recently revealed that t...
- The ABG Shipyard scam: Inaction on red flags as India’s biggest bank fraud unfoldedABG Shipyard, now credited with India’s biggest bank fraud, created a web of transactions to cheat a consortium of 28 banks of Rs 22,842 cr...
- ED register PMLA case in ABG Shipyard fraudET was first to report about the money laundering probe in the case. The report also named then executive director Santhanam Muthaswamy, di...
- ED to probe ABG shipyard fund diversion under anti-money laundering lawsThe federal agency is expected to register an enforcement case information report (ECIR) this week for contravening anti-money laundering l...
- ABG Shipyard Ltd Scam: 98 companies were floated by the accused to divert funds, says CBIInvestigating one of the biggest bank frauds, the CBI earlier this month registered a case against the insolvent ABG Shipyard Ltd. and its ...
- EY likely to be key prosecution witness in Rs 22,482-crore ABG Shipyard scamThe London-headquartered professional services company had conducted a forensic audit of ABG Shipyard and submitted its report in January 2...
- ABG Shipyard fraud: No delay in filing of case, says SBIABG Shipyard fraud is much higher than the one perpetrated by Nirav Modi and his uncle Mehul Choksi, who allegedly cheated the Punjab Natio...
- Loans to ABG Shipyard turned NPAs prior to 2014: FM Nirmala Sitharaman"Banks've taken lesser than what is normally an average time to detect these kinds of frauds," Finance Minister Nirmala Sitharaman said.
- CBI to probe role of 'public servants' in ABG Shipyard bank fraud caseThe central agency last week booked shipbuilding company ABG Shipyard, its directors Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwani K...
- Loans to ABG given during UPA rule, our government detected fraud and took action, says BJP"The Congress is brazening it out. It is its government which ran the 'phone banking' scam with its senior functionaries forcing banks to s...
- India files complaint against ABG Shipyard alleging $3 bn bank fraudAccording to figures from the forensic audit that were included in the CBI complaint, the company owed Rs 70.89 billion to ICICI Bank, Rs 3...
- ABG Shipyard, its directors booked over Rs 22,842-crore scam; biggest fraud registered by CBIAs many as 28 banks and financial institutions were victims of the alleged scam, as per the report. Funds given by these bodies were used f...
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