Biggest bank fraud? What is ₹22,842 cr ABG Shipyard 'fraud' case and why is Congress fuming
The Central Bureau of Investigation (CBI) has registered an FIR ag inst ABG Shipyard Ltd and its directors, including chairman and managing director Rishi Kamlesh Agarwal, in what could be the biggest bank fraud case in the history of India. On Saturday, the firm was booked for allegedly defrauding 28 banks to the tune of ₹22,842 crore. CBI released a statement saying searches were conducted at 13 locations in the premises of all the accused. ABG Shipyard, the flagship of the ABG Group, is one of India's largest firms engaged in shipbuilding and ship repair. Congress on Sunday accused those sitting in the highest echelons of power in Modi govt of complicity, collusion & connivance.
B Subrahmanyam Hari
How the GOI is responsible for the fraud? The loans were sanctioned by the Banks after due appraisal. It is the borrower who had diverted the funds to their associate/allied companies.
Higher ups of all the 28 banks should be equally made accountable. But for their covert and overt support such frauds cannot take place
Now these banks is gonna say again that you should have 10,000 as minimum bnce otherwise you will be fined Everytime these business men do mistakes we common people suffer.
It was in Manmohan Singh govt that promers companies like ABG shipyard sold their shares to public, banks, mutual fund investors at a huge premium. Then a few years later, Manmohan govt stopped subsidies to shipbuilders and then the bad finances of such companies got exposed but such companies were provided huge loans mostly during UPA re gie to bail out. Anyway banks take their own sweet time to seek remedy. Similarly loans to jatin mehta, mehul choksi, vijay mallya were doled out during UPA re gie
同样，在人民党执政期间，也向jatin mehta、mehul choksi和vijay mallya发放了贷款
ABG Shipyard participated actively in 'Vibrant Gujarat' summit from 2003-2015 & flaunted MoU signed by Gujarat go nment to get loans from banks. Now IT cell has to work harder to cover up this....
This amount is still half of the amount congress stole in commonwealth. This shipyard was in public companys hand not modi govt
Joke is congress speaking about co ption.. The question should be is when these banks given loans to them..
shalini P A
Atleast the BJP go nment is taking actions to recover the money. Congress never bothered when they were in power. And it started in 2012 when the Congress was in power
Why doesn't naren conduct an inquiry into fraud case in order to apprehend the criminals?
Who is the loser-depositor
Are the SBI offi als day dreaming??
If some common man had not paid the due for a month they come up with confiscating his property..
Didn't they still realise that the loan was sanctioned during the UPA rule
CONGRESS LIARS OF THE CENTURY! Blaming 2013 case on BJP..
ED has just filed charges and Congress already knows the details ?
There’s seriously something very wrong with the way our banks loan. Otherwise how’s it possible that one after the other businessmen loot money like this!!
The Loan was given to ABj shipyard when congress was in power in the year 2013...P chidambaram was FM at the time.
Why all the big scammers came from Gujarat?
Ohh now I understood
For 1 lakh personal and car loan common people have to go through lot of hell and suffering. 1000s of crores of depositors money easily given to companies
This is case prior to 2014...
Nobody cares about congress now. Great entertainers now. Fin watching them. Keep the show going.
i would pray god china takes on india and make itas part. instead these wild rulers better china makes our banks safe
Meanwhile anil amboni owes about 80-90,000 crore to various banks and has not a single dime to pay back even the interest; but dare any media, cbi or judge speak up ag inst him
If our beloved po iticians have the to eat public money by all means, why not the Industrialists, who have paid Taxes, provided employment, paid bonuses, interests to Banks, funds to po itical parties, Media, and also pleasing the Bankers by Deevali Gifts.
What is the Regulator RBI doing?
Hey Bjp will be responsible for this.
Without fraud and criminal records u can't b a good po itician ....
CBI is sloth.why on earth they take so much time to solve a problem
Rbi have to pay the money to the other banks.
RBI, bank and the finance ministry is responsible for this
Now public will suffer with inflation
Banks rob common man... Big people rob banks....