Agarwal, the then CMD, was booked along with the company in February. Besides Agarwal, the then Executive Director Santhanam Muthaswamy, Di...

As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laun...

Finance minister Sitharaman took a dig at the previous UPA government and said eight times money was given to ABG Shipyard, a company that ...

There were four independent directors on the board of ABG Shipyard including two nominated by one bank that is part of the consortium. The ...

Both the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have booked ABG Shipyard and its directors on charges of cr...

The CBI, which had recently issued look out circular (LOC) against him and eight others connected to the case, had recently revealed that t...

ABG 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...

ET was first to report about the money laundering probe in the case. The report also named then executive director Santhanam Muthaswamy, di...

The federal agency is expected to register an enforcement case information report (ECIR) this week for contravening anti-money laundering l...

Investigating one of the biggest bank frauds, the CBI earlier this month registered a case against the insolvent ABG Shipyard Ltd. and its ...

The London-headquartered professional services company had conducted a forensic audit of ABG Shipyard and submitted its report in January 2...

ABG Shipyard fraud is much higher than the one perpetrated by Nirav Modi and his uncle Mehul Choksi, who allegedly cheated the Punjab Natio...

"Banks've taken lesser than what is normally an average time to detect these kinds of frauds," Finance Minister Nirmala Sitharaman said.

The central agency last week booked shipbuilding company ABG Shipyard, its directors Rishi Kamlesh Agarwal, Santhanam Muthaswamy, Ashwani K...

"The Congress is brazening it out. It is its government which ran the 'phone banking' scam with its senior functionaries forcing banks to s...

According 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...

As 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...